The Hindu Business Line

30/03/2024

All Central Excise divisions in Kerala are carrying out patrolling on the roads to check for black money and election freebies in connection with the coming Lok Sabha polls in the state on April 26, a customs official said.

Central Excise divisions in Kerala patrol roads to prevent black money and election freebies for upcoming Lok Sabha polls.

30/03/2024

Three alleged members of the banned Popular Front of India (PFI) have been arrested by the Enforcement Directorate (ED) on money-laundering charges, official sources said on Saturday.

Enforcement Directorate arrests three PFI members for money laundering, weapons training; accused produced before special court.

30/03/2024

The Aam Aadmi Party (AAP) on Saturday alleged connection between one of the witnesses in the alleged excise policy scam and the BJP and also challenged the enforcement directorate (ED) to conduct a probe into it.

AAP alleges BJP connection in excise policy scam, challenges ED to probe, claims BJP linked to liquor traders.

30/03/2024

PNB Housing Finance’s ratings have been upgraded to AA+ from AA by CARE Ratings with a ‘stable’ outlook from ‘positive’, due to its improving asset quality and strong market position.

PNB Housing Finance's ratings upgraded to AA+ by CARE Ratings due to improving asset quality and strong market position.

30/03/2024

Unsold housing inventories fell 7 per cent in the last three months across nine major cities to around 4.81 lakh units on higher sales than new supply, according to PropEquity.

PropEquity data shows 7% drop in unsold housing inventory across 9 major cities due to higher sales than new supply.

30/03/2024

Foreign investors made a strong return by injecting more than ₹2 lakh crore into Indian equities in 2023-24, driven by optimism surrounding the country's robust economic fundamentals amidst a challenging global environment.

Foreign investors inject over ₹2 lakh crore into Indian equities in 2023-24, with optimism for sustained FPI inflows in 2025.

30/03/2024

The Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) under the Indian Railways is looking to ramp-up its truck-on-train services after successful trial runs with both perishables (like milk) and non-perishables (auto components).

DFCCIL aims to expand truck-on-train services for perishables and auto components on Indian Railways' Dedicated Freight Corridors.

30/03/2024

India's forex reserves increased by $140 million to touch its all-time high of $642.631 billion during the week ended March 22, the Reserve Bank said.

India's forex reserves hit all-time high of $USD 642.631 billion, with foreign currency assets decreasing slightly.

30/03/2024

The US on Friday said it has raised concerns with India regarding the import regime of certain information and communications technology products, including laptops and tablets, amid New Delhi's decision to restrict inbound shipments of such products.

US raises concerns with India on import regime of IT products, including laptops and tablets, affecting American exporters.

30/03/2024

Fintech start-up SalarySe, which is planning to launch a product related to credit-on-UPI in April, will target a customer base of around one lakh salaried employees to begin with.

SalarySe, a fintech start-up in Kolkata, plans to launch a credit-on-UPI product targeting one lakh salaried employees initially.

30/03/2024

Foreign brokerages and banks expect the Monetary Policy Committee (MPC) to keep the repo rate unchanged at 6.5 per cent in the upcoming April 5 meeting. They also see the MPC retain its monetary policy stance of ‘withdrawal of accommodation’.

Foreign banks and brokerages expect RBI to keep repo rate at 6.5% in April, with potential rate cuts later in 2024.

30/03/2024

With over 6 per cent gain in the past month, gold has once again captured the attention of investors worldwide as its price surged to record highs.

Gold prices surge as equity markets remain flat, making gold a promising investment option for the year ahead.

30/03/2024

The Federation of Indian Pilots (FIP) has written to Civil Aviation Minister Jyotiraditya Scindia and the Directorate General of Civil Aviation (DGCA), urging the implementation of revised Flight Duty Time Limitations (FDTL) for passenger safety.

Federation of Indian Pilots urges Civil Aviation Minister for revised Flight Duty Time Limitations for passenger safety.

30/03/2024

The funds mobilised by India Inc through the IPO route in this financial year was up 19 per cent to ₹61,000 crore compared to ₹52,116 crore raised in FY23.

India Inc raised ₹61,000 crore through IPOs in FY24, with 75 companies hitting the market and strong retail investor response.

30/03/2024

As the number of globe-trotting Indians surges and Indians increasingly look outward for investments and education, the utilisation of RBI’s Liberalised Remittance Scheme (LRS) has been scaling new highs.

RBI’s LRS sees record high remittances of $27.4 billion, despite TCS impact, driven by travel, education, and investments abroad.

30/03/2024

Government on Friday issued an advisory against calls being made in the name of Department of Telecommunications (DoT) wherein recipients are being issued various threats.

Government advisory warns against fraudulent calls impersonating DoT officials, urging citizens to report and stay vigilant.

30/03/2024

To cater to the needs of the policyholders on the end of the current financial year, offices of all insurers will function as per normal working hours on March 30-31, 2024.

Insurers in Hyderabad to operate normal hours on March 30-31, 2024 for policyholders' convenience, IRDAI advises.

29/03/2024

: ‘More the merrier’ is not a good strategy while choosing mutual funds. Owning many funds can worsen one’s long-term returns and reduce diversification, says Aarati Krishnan, Consulting Editor, businessline, in this episode of Question of Money.

In this episode of Question of Money, discover the common pitfalls that new investors fall into when navigating the world of mutual funds. Learn from expert ...

29/03/2024

Byju’s EGM concludes without objections to increase in share capital

Byju's board concludes EGM to increase share capital, considering offering renounced shares to dissenting shareholders amid legal battles.

29/03/2024

US court asks India to pay $132 million to Deutsche Telekom in Devas Antrix case

US court confirms $132M award to Deutsche Telekom against India for violating bilateral investment treaty with Germany.

29/03/2024

Experts suggest reallocating profits from equity to gold due to high prices and the potential for a gold rally after the US rate cut

Market experts suggest reallocating profits from equity to gold due to high prices and potential for gold rally post-US rate cut.

29/03/2024

For the first time, the semiconductor sector accounted for about 30 per cent of the new GCCs established in India in the October-December 2023 quarter, analysis of GCCs by Nasscom and Zinnov showed.

Semiconductor industry growth in India attracts global capability centers, focusing on chip design and manufacturing talent development.

29/03/2024

India’s import of frozen duck meat from the US will likely increase by 80 per cent in 2024 compared with 2021 with the Customs duty being reduced to 5 per cent

USDA predicts 80% increase in India's frozen duck meat imports from US by 2024 due to tariff reduction.

29/03/2024

In FY24, the ALMM was put on hold for the entire fiscal year to provide relief to solar PV manufacturers, who were faced with limited domestic availability. However in February 2024, the Ministry put the reimposition under abeyance “till further orders”.

MNRE re-imposes ALMM order for solar PV modules from April 1, 2024, exempting projects commissioned by March 31, 2024.

29/03/2024

Reliance Industries buys 26% stake in Adani Power's Mahan Energen for power purchase agreement, significant corporate development.Read on for further details.

29/03/2024

The GNPA ratio of SCBs which has been on a downward trajectory since March 2019. The downward journey continued even during the pandemic period. In FY23, the SCBs GNPA ratio fell to 3.9 per cent, a decadal-year low.

CareEdge Ratings projects improving asset quality for scheduled commercial banks, with GNPA ratio expected to decrease by FY25.

29/03/2024

"Visakhapatnam Port Authority (VPA) has set a cargo traffic target of 90 million tonnes (mt) for the financial year 2024-25,"

-Madhaiyan Angamuthu, Chairperson, Visakhapatnam Port Authority (VPA).

Lines up investment of ₹2,000 cr over next two years

29/03/2024

| Parvatha Vardhini C speaks to Ved Jain, a seasoned chartered accountant, on the evolution of income tax policies under the NDA government, examining their impact and implications.

Explore India's tax landscape under NDA governance with expert insights on reforms, challenges, and future prospects in this podcast.

29/03/2024

Meta will be sunsetting Facebook News in early April for users in the US and Australia as the platform further deemphasises news and politics. The feature was shut down in the UK, France and Germany last year.

Meta is sunsetting Facebook News, de-emphasizing news and politics, but users can still view news articles and organizations can post.

29/03/2024

Shapoorji Pallonji Group's flagship infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) has filed draft papers with markets regulator SEBI to raise ₹7,000 crore through an initial public offering (IPO).

Afcons Infrastructure Ltd files for ₹7,000 crore IPO with fresh issue and offer for sale, led by Shapoorji Pallonji Group.