Suspended MPs to return as last session of 17th Lok Sabha commences on January 31

The Interim Budget is to be presented on February 1; 14 MPs whose cases were referred to the Privileges Committees of the two Houses of Parliament are to return 

from | The Hindu

TCS extends contract with Aviva for 15 years

from | The Hindu

Markets fall in early trade dragged by Bajaj Finance and Reliance

Bajaj Finserv, UltraTech Cement, Titan, NTPC, Larsen & Toubro and Reliance Industries were among the other major laggards

from | The Hindu

NCLT rejects Wilmington's insolvency plea against SpiceJet

Wilmington moved the insolvency plea against SpiceJet in June 2023 over unpaid dues

from | The Hindu

‘S&P could cut Israel’s credit rating if conflict expands beyond Gaza’: Director

S&P in October affirmed Israel’s ‘AA-’ rating but revised Israel’s outlook to “negative” from “stable”

from | The Hindu

Relief for rubber growers in Kerala as price incentive scheme is back on track

The operation of the website ebt.kerala.gov.in has been restored after 50-odd days, enabling small-scale rubber growers to file claims for the price guaranteed by the State government

from | The Hindu

Insurance firm can’t reject claim for reimbursement of medical cost on ground that claimant is diabetic, says consumer commission

Dakshina Kannada Consumer Disputes Redressal Commission asks Bajaj Alliance General Insurance Company Ltd. to pay ₹10,000 as compensation, ₹48,871 treatment cost with 8% interest to a claimant. It was also asked to pay the cost of proceedings

from | The Hindu

Market capitalisation of 7 of top-10 most-valued firms erode by Rs 1.16 lakh cr; HDFC Bank biggest laggard

The combined market valuation of seven of the top-10 most-valued firms eroded by ₹1.16 lakh crore last week, the BSE benchmark fell by 982.56 points

from | The Hindu

Govt. working on SEZ reforms: Commerce Secretary Barthwal

Reforms in the SEZ are in the offing so that movement of goods from SEZ to DTA and vice-versa are not affected rendering goods produced becoming less competitive, Mr. Barthwal said

from | The Hindu

Yes Bank Q3 PAT grows over threefold on improved asset quality

from | The Hindu

RBI’s guidelines on State ‘guarantees’ on borrowings | Explained

The RBI Working Group examining issues relating to guarantees given by State governments has put forth certain recommendations to “facilitate better fiscal management by the State Governments”. 

from | The Hindu

Disney mulls legal action as ZEEL ditches $1.4 bn deal

from | The Hindu

Loan guarantees given by governments on a rising trend in 12 States | Data

In Sikkim, Andhra Pradesh and Telangana, govt. guarantees as a % of GDP have crossed the 10% mark

from | The Hindu

Ducab India signs bilateral pact with Emirates NBD India to avail financing support

Emirates NBD will be supporting the working capital and capex expansion plans of Ducab in India

from | The Hindu

Microsoft lays off 1,900 employees in its gaming division following Activision Blizzard buyout

The job cuts represent about an 8% reduction of Microsoft’s 22,000-person gaming workforce

from | The Hindu

HDFC Bank sees period of consolidation as it absorbs mega merger: Sources

The lender's quarterly earnings last week prompted a sharp 15% decline in the stock, even as its profit beat expectations, as analysts raised concerns about lending margins and sluggish deposit growth in its second quarterly report since merging with Housing Development Finance Co.

from | The Hindu

Rupee opens on a flat note against US dollar in early trade

Forex traders said the rupee is trading in a narrow range as rising crude oil prices, strong American currency, and sustained foreign fund outflows dented sentiments.

from | The Hindu

‘India to become main driver of incremental oil use by 2030’

India is already the second-most important driver of incremental consumption in the world

from | The Hindu

Laurus Labs Q3 net slumps

from | The Hindu

Equity benchmark indices decline in early trade

As many as 21 stocks of the 30-share benchmark Sensex were trading in green, while 32 constituents of the broader Nifty showed gains.

from | The Hindu

Asian stocks gain as potential China rescue package lifts mood

Japan’s Nikkei was 0.68% lower, a day after hitting a fresh 34-year high

from | The Hindu

Riyadh’s multi-billion Electric-Vehicle dream risks crashing into reality

Kingdom faces tough competition, from China to the United States; only factory so far has reassembled 800 cars; past attempts to attract auto manufacturers failed; international industry executives say whatever the hurdles, Saudi Arabia could have the finances to overcome them

from | The Hindu

MRPL posts ₹387 crore net profit in Q3 of 2023-24 against ₹188 crore net loss in 2022-23

The Board of Directors of the company approved its stand-alone and consolidated unaudited financial results for the Q3 of 2023-24 and nine months ending December 31, 2023 at its 260th meeting

from | The Hindu

India overtakes Hong Kong to become fourth-largest stock market

The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday's close, versus $4.29 trillion for Hong Kong.

from | The Hindu

Equity benchmark indices rise in early trade

The rupee weakened tracking a fall in its Asian peers amid persistent moderation in bets on aggressive rate cuts by the U.S. Federal Reserve.

from | The Hindu

Alstom emerges lowest bidder for installing platform screen doors in Namma Metro stations in Bengaluru

The doors will be installed on the Pink Line, Blue Line Phase 2A (Central Silk Board-K.R. Pura), and elevated airport city station, on the Blue Line Phase 2B (K.R. Pura-airport)

from | The Hindu

Zee Entertainment to take legal action against Sony; denies all allegations

“ZEEL categorically denies all the assertions raised by Culver Max and BEPL on the alleged breaches under the terms of the MCA, including their claims for the termination fee,” the company said. 

from | The Hindu

Sony calls off merger with Zee, sends termination letter

Sony cited unmet conditions of the merger agreement as the reason for the termination in a letter sent to Zee

from | The Hindu

Air India launches country’s first Airbus A350-900 flight from Bengaluru to Mumbai

AI 589 will operate every day of the week barring Tuesdays, departing Bengaluru at 7.05 a.m. and landing in Mumbai at 8.50 a.m.

from | The Hindu

What is the disagreement between Hindustan Unilever and its distributors over margins?

Distributors are planning a phased boycott of Hindustan Unilever products due to a change in margins given to them.

from | The Hindu

Banking on a branch visit on Jan. 22? private, PSU banks have different plans

While public sector lenders will open after 2.30 p.m. and operate till their regular closing hours, private banks will operate like any other day in all States, except Maharashtra and Uttar Pradesh, that have declared a public holiday in view of Ram temple consecration ceremony

from | The Hindu

India's power consumption grows nearly 8% in April-December period

Power demand has jumped by 50.8% in energy terms from 2013-14 to 2022-23, data shows

from | The Hindu

FPIs turn cautious, pull out ₹13,000 crore from Indian stocks in January

According to the data, foreign portfolio investors made a net withdrawal of ₹13,047 crore in Indian equities this month

from | The Hindu

Mcap of five of top-10 most valued firms erode by ₹1.67 lakh crore

RIL continues to be India’s most valued firm, followed by TCS, HDFC Bank and ICICI Bank

from | The Hindu

Cant Rabbit r1 eat your smartphone?

At CES 2024, the palm-sized handheld, called Rabbit r1, received a fair amount of chatter as it claims to do several things that a smartphone can’t

from | The Hindu

Sensex gains 250 points, Nifty nears 21,700 level in early trade

Shares of HUL and Reliance Industries were under pressure after their December quarter results

from | The Hindu

Ayodhya Ram Mandir Pran Pratishtha: Stock markets to remain shut on January 22, to have normal trading session on January 20

The trading hours for the central bank regulated markets will be from 2.30 pm to 5 pm on January 22, the Reserve Bank of India (RBI) said in the circular.

from | The Hindu

Rupee falls 1 paisa against U.S. dollar in early trade

Forex traders said positive cues from domestic equity markets and lower level of dollar provided support to the Indian currency

from | The Hindu

Funding winter: Bengaluru’s start-ups on thin ice

Karnataka has yet again emerged as one of the best performers in the National Start-up Awards 2022, announced on January 16. However, Bengaluru, the capital of new business ideas, has been reeling under a funding crunch triggered by global events.  Experts say tell Shilpa Elizabeth that it could be a market correction, albeit a painful one

from | The Hindu

Bangladesh solar power surge set to unlock thousands of green jobs

The cost of solar power generation from utility-scale projects in Bangladesh now stands at $97-135 per megawatt hour (MWh), making it a credible competitor to coal or gas-based power that cost $110-150/MWh and $88-116/MWh respectively, according to a 2023 report by BloombergNEF

from | The Hindu

Rupee falls 1 paisa to 83.15 against U.S. dollar in early trade

Negative sentiment in domestic equity markets kept the Indian currency under pressure, forex traders said

from | The Hindu

Sensex falls for third day, tanks 560 points in early trade

from | The Hindu

Fertilizer subsidies to come down, Mandaviya says

The Minister said the Centre increased subsidy to protect farmers interest, and added that it is likely to come down

from | The Hindu

New Labour Code may hit job security in Indian tea industry: policy group

The London-based Ethical Tea Partnership underlined the lack of a uniform global standard for chemical content in teas

from | The Hindu

Government slashes windfall tax on crude petroleum

The new rates are effective from January 16

from | The Hindu

India to pump in about ₹200 crore to explore, develop five lithium blocks in Argentina: Govt.

Argentina is the part of the 'lithium triangle' along with Chile and Bolivia with more than half of the world's total lithium resources

from | The Hindu

Majority of India-U.K. FTA issues either closed or at advanced stage of talks: official

The 14th round of negotiations between the officials of the two countries is underway in New Delhi

from | The Hindu

Exports marginally up at $38.45 billion in December; trade deficit narrows

The previous low in trade deficit — the difference between imports and exports — was recorded in September at $19.37 billion

from | The Hindu

Rupee rises 18 paise to 82.77 against U.S. dollar in early trade

On Friday, the rupee strengthened for the eighth consecutive session to settle with a gain of 6 paise

from | The Hindu

China's record crude, coal, iron ore imports don't tell the whole story

China’s crude oil imports rose 11% in 2023. But is this gain as impressive as it first appears?

from | The Hindu

Morgan Stanley to pay $249 mn to settle U.S. trading fraud charges

The conduct concerns large equity trades in which Morgan Stanley trading staff between 2018 and 2021 leaked information to hedge funds

from | The Hindu

Hope airfares come to right sweet spot, says Vistara CEO

Vistara, a joint venture between Tata Group and Singapore Airlines, currently, operates around 320 flights daily

from | The Hindu

Interim Budget may see measures to boost consumption demand, push agri economy

Experts said one way to boost consumption is to put more money in the hands of people, and one of the possible ways of doing it is by reducing the tax burden

from | The Hindu

India is a massive opportunity for us: SriLankan Airlines CEO

from | The Hindu

Why is aviation safety under scrutiny? | Explained

What does the Japan jet inferno escape convey about safety measures? How have advances in aircraft manufacturing technology helped reduce mishaps? What about the response of the crew? Why is the Boeing 737 MAX 9 under the scanner worldwide?

from | The Hindu

Trade Policy Forum meet | India flags delay in U.S. visa process for domestic businesses

The issue came up for discussions during the 14th TPF meeting in New Delhi on January 12. It was co-chaired by the U.S. Trade Representative Katherine Tai and Commerce and Industry Minister Piyush Goyal.

from | The Hindu

Vibrant Summit ends with staggering 26.33 lakh crore investment pledges: Gujarat Government

Gujarat Chief Minister Bhupendra Patel posted on social media platform X that the biennial summit attracted huge investments in sectors like green hydrogen, renewable power, e-mobility, semiconductors and financial services and fintech at the GIFT city.

from | The Hindu

India to host global meet on pulses after 18 years

Conference to feature discussions on global best practices of pulses production, processing and trade

from | The Hindu

JSW ropes in Finnish firm Coolbrook to reduce CO2 emission at cement factory in Karnataka

Finnish company’s RDH technology utilises renewable electricity to power high-temperature industrial processes, including in steel and cement production, significantly reducing the need to burn fossil fuels

from | The Hindu

Rupee falls 4 paise to 83.05 against U.S. dollar

They said investors will also keep a close watch on the domestic inflation numbers to be released later in the day

from | The Hindu

‘China’s auto exports surged 63.7% in 2023’

The surge in exports may propel China past Japan as the world’s number one exporter of cars

from | The Hindu

RBI’s Das envisages framework for Group Insolvency Mechanism under IBC

Mr. Das also suggested for developing a vibrant secondary market for stressed assets

from | The Hindu

Rupee gains two paise to 83.01 against U.S. dollar

At the interbank foreign exchange, the domestic currency opened at 83.05 and slipped to 83.06 against the greenback for a while. It later traded at 83.01, registering a gain of two paise from its previous close.

from | The Hindu

Sensex climbs 341 points in early trade

The Indian stock markets rallied up amid a rally in global markets

from | The Hindu

Ambani, Adani commit huge investments at Vibrant Gujarat Summit

While Mukesh Ambani of Reliance Industries announced a new renewable factory will become operational in 2024, Gautam Adani committed investments of ₹2 lakh crore in Gujarat in next five years focused primarily on the development of a green energy park in Kutch

from | The Hindu

Markets decline in early trade on fresh foreign fund outflows

Investors preferred to stay on the sidelines ahead of the start of corporate earnings season and macroeconomic data announcements later this week.

from | The Hindu

Indian tourists’ boycott call post Modi visit to Lakshadweep may impact Maldives | Data

The share of Indian tourists to the Maldives, where over 20% of the economy is dependent on tourism, is among the highest

from | The Hindu

India looks for new textiles markets abroad as demand wanes in U.S., EU, says Union Secretary

Schemes such as PM Mitra and Production Linked Incentives (PLI) will scale up production and address such issues.

from | The Hindu

Markets rebound sharply in early trade on firm global trends

Global oil benchmark Brent crude climbed 0.38% to $76.41 a barrel

from | The Hindu

It is time for a full-scale overhaul of the Insolvency and Bankruptcy Code

During the resolution plan approval, only about 15% is paid by the purchaser and the repayment takes years without any further interest collected by the banks, according to the financial stability report released by banking regulator Reserve Bank of India on December 28, 2023

from | The Hindu

India's fuel demand hits seven-month high in December

from | The Hindu

EaseMyTrip suspends all Maldives flight bookings amid India-Maldives row

In the midst of an escalating row between India and the Maldives, hashtag #BoycottMaldives gained traction on social media as Indian tourists started canceling their scheduled vacations to the island nation.

from | The Hindu

Rupee rises 9 paise against US dollar in early trade

A strong American currency and volatile crude oil prices weighed on the domestic currency, says forex traders.

from | The Hindu

U.K. mortgage price war set to cheer borrowers, pinch profits at banks

Competition among banks for mortgage business and deposits is ramping up simultaneously

from | The Hindu

Reliance Industries committed to make new investments in TN: Mukesh Ambani

1,300 retail stores across the state at an investment of over ₹25,000 crore. Jio has invested over ₹35,000 crore in Tamil Nadu.

from | The Hindu

GDP numbers for FY24 show discrepancies of ₹2.59 lakh crore

According to data, there were discrepancies of ₹2.59 lakh crore as against (-) ₹3.80 lakh crore in 2022-23 and (-) ₹4.47 lakh crore in 2021-22

from | The Hindu

Duty concessions on petrochemical products a sticking point in India-Oman FTA talks

from | The Hindu

Naresh Goyal tells court he has lost every hope of life, ‘better to die in jail’

The septuagenarian, who is in judicial custody since September, submitted that he misses his wife Anita very badly and said she is in the advanced stage of cancer,

from | The Hindu

Government to bring more products under mandatory quality norm: Piyush Goyal

Piyush Goyal said complying with high quality standards in products and services will help India achieve high goals and become a developed nation.

from | The Hindu

The rise of AI chatbots in India’s banking sector | Data

About 80% of banks in India have adopted chatbots capable of engaging in conversations with human users

from | The Hindu

ED concludes searches in Religare Finvest Limited case

ED officials said that "incriminating" documents were seized and proceeds generated out of criminal activities were identified.

from | The Hindu

Morning Digest | Centre’s Digi Yatra enrolment takes off as airport security staff sign up flyers without their consent; Iran suicide blasts death toll rises to 89, and more

Here is a select list of stories to start the day

from | The Hindu

‘Bankruptcies in U.S. surged 18% in 2023’

Total bankruptcy filings rose to 4,45,186 last year from 3,78,390 in 2022, according to data from bankruptcy data provider Epiq AACER

from | The Hindu

Amit Shah launches portal for procurement of pulses

The Cooperation Minister said that before the sowing operation, tur farmers can register on the portal to sell their produce to NAFED and NCCF

from | The Hindu

Morning Digest | Indian Navy steps up surveillance in Arabian Sea, Gulf of Aden; Transport unions threaten to intensify protests, and more

Here is a select list of stories to start the day

from | The Hindu

Maximising the impact of your giving: why a dedicated trust is critical

from | The Hindu

Bajaj Auto to consider share buyback

Shares of Bajaj Auto were trading at ₹7,021.10 apiece in the afternoon trade, up 5.38% from the previous close

from | The Hindu

‘Very sweet’ variety gives fresh hope to Pineapple farmers in Kerala

Possibility for mechanised processing for value addition and export being studied

from | The Hindu

‘China factory activity growth hastened in December’

The manufacturing sector came under pressure amid weak demand in 2023, with a property downturn, geopolitical factors and tight-fisted consumers all weighing on the post-pandemic recovery

from | The Hindu

Morning Digest | Roll-out schedule of 3 new criminal codes will be notified by January 26; Top Hamas official Saleh Arouri killed in Beirut blast, and more

Here is a select list of stories to start the day

from | The Hindu

IIT Madras targets incubating 100 start-ups this year

from | The Hindu

How Chinese regulators talked markets out of a run on the yuan

The strategy has also chilled large parts of China’s foreign exchange market, crashing trading volumes and raising questions about the yuan’s chances of becoming a global reserve currency; the move, however, has prevented a destabilising yuan slide

from | The Hindu

Morning Digest | GST revenue growth dips to a 3-month low in December; MHA designates Goldy Brar as individual terrorist under UAPA, and more

Here is a select list of stories to start the day

from | The Hindu

HFCL bags ₹1,127 cr order to transform BSNL's Optical Transport Network

HFCL's comprehensive network upgrade will not only cater to the requirements of enterprise and FTTH/broadband services but also position BSNL for the future

from | The Hindu

India’s textile sector stories | A package

from | The Hindu

Markets off to weak start on first day of trade of 2024

On Monday, the 30-share BSE Sensex fell 207.29 points to 72,032.97 after a muted beginning. The Nifty declined 46.65 points to 21,684.75

from | The Hindu