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Start-ups raised a record $24.1 billion in 2021: study

The Hindu Bureau Two-fold rise from pre-COVID levels, according to a new study by NASSCOM and Zinnov.

Nitin Gadkari. File

People can soon invest in infra: Gadkari

The Hindu Bureau Minister says SEBI nod awaited to allow investments of at least ₹1 lakh in projects

Well-oiled machine: The recovery in global energy markets supported strong fuel margins, boosting O2C earnings.

RIL net rises 42%; retail, shale sale buoy

Special Correspondent Third-quarter profit climbs to ₹18,549 crore as overall revenue surges 52% to ₹2,09,823 crore

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Importers, govt. duel in Supreme Court over GST on ocean freight

Krishnadas Rajagopal The levy was struck down by a HC

The IPO would close on January 31.

Adani Wilmar’s ₹3,600-cr. IPO to open on Jan. 27

A woman walks past the Bombay Stock Exchange (BSE) building in Mumbai, on January 31, 2020.

Indian shares suffer worst week since late November

‘Time to look at healthcare differently’

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Intel to invest up to $100 bn in Ohio chip units

Union Commerce and Industry Minister Piyush Goyal. File image.

Indian Missions can popularise NSWS: Goyal

Special Correspondent Include Indian missions to populariseNational Single Window System: Piyush Goyal

An oil refinery of Essar Oil , which runs India's second biggest private sector refinery, is pictured in Vadinar in the western state of Gujarat, India, October 4, 2016.

OPEC's share of Indian oil imports falls to lowest in at least 15 yrs

Reuters India's crude imports rebounded 3.9% to 4.2 million barrels per day (bpd) in 2021, the data showed, but remained below pre-pandemic levels in 2019

FedEx starts EV trials in India

Special Correspondent FedEx Express, a subsidiary of FedEx Corp., has announced the start of electric vehicle (EV) trials in India as part of its global goal to achieve carbon neutral operations by 2040.The trial, which is expected to conclude in a month in Bengaluru, will test the vehicle technology within the company’s operations, assessing the vehicles’ operational effectiveness on a standard route fully loaded with packages, FedEx Express said. Upon positive results, the company said it would extend the trials to

Opinion & Analysis

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Will the new e-commerce rules really favour consumers?

Prashanth Perumal The intent of the rules is unclear and there are several consumer protection rules already in place

A compromise amid uncertainty

Garimella Subramaniam The OPEC deal to step up crude production will ease rising prices and balance domestic and global priorities

A view of the BSE building in Mumbai. File

India’s equity market bubble may burst soon

Prasenjit Bose Indranil Chowdhury With all agencies downsizing growth projections, the equity market is vulnerable to a major correction

Markets

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A woman walks past the Bombay Stock Exchange (BSE) building in Mumbai, on January 31, 2020.

Indian shares suffer worst week since late November

Reuters Sensex, Nifty post weekly loss of about 3.5% each

Last week, the local unit recorded its fourth weekly decline amid growing concerns over the Omicron variant of coronavirus.

Rupee trades in a narrow range in early session against U.S. dollar

PTI The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04% lower at 95.69

Economy

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Representational image

Start-ups raised a record $24.1 billion in 2021: study

The Hindu Bureau Two-fold rise from pre-COVID levels, according to a new study by NASSCOM and Zinnov.

Representational image.

States to get ₹47,541 cr. via tax devolution

PTI The Centre will on Thursday release an advance instalment of tax devolution to the States amounting to ₹47,541 crore, the Finance Ministry said. “Finance Minister Nirmala Sitharaman has authorised the release of an advance instalment of tax devolution to State governments amounting to ₹47,541 crore, here today. This is in addition to the regular devolution for the month of January , also being released today,” the Ministry said in a statement. Thus, States would receive a total of ₹95,082 crore

Industry

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Vodafone Idea Q3 loss widens to ₹7,231 crore

5G coverage inside buildings to be a challenge as signals get transmitted on high frequencies: TRAI

Indian shares suffer worst week since late November

Intel to invest up to $100 bn in Ohio chip units

People can soon invest in infra projects: Gadkari

Indian Missions can popularise National Single Window System: Goyal

Adani Wilmar’s ₹3,600-cr. IPO to open on Jan. 27

Firm to trim debt with issue proceeds

Importers, govt. duel in Supreme Court over GST on ocean freight

The levy was struck down by a HC

FedEx starts EV trials in India

FedEx Express, a subsidiary of FedEx Corp., has announced the start of electric vehicle (EV) trials in India as part of its global goal to achieve

RIL net rises 42%; retail, shale sale buoy

Third-quarter profit climbs to ₹18,549 crore as overall revenue surges 52% to ₹2,09,823 crore

‘Time to look at healthcare differently’

Rationalising GST rates could make sector affordable, says Apollo Hospitals MD

U.S., India should set bold goals to achieve $500 billion in bilateral trade, says new USIBC president

Atul Keshap, the new president of the influential U.S. India Business Council, a veteran American diplomat, has served in various capacities during his career with the U.S. State Department.

Start-ups raised a record $24.1 billion in 2021: study

Two-fold rise from pre-COVID levels, according to a new study by NASSCOM and Zinnov.

Wendt India posts 101% jump in Q3 net proft

The Murugappa group firm achieved sales of ₹36 crore, an increase of 19% over than the corresponding period last year.

Rupee rises 8 paise to close at 74.43 against U.S. dollar

U.S. dollar index, which measures the greenback's strength against the basket of six currencies, fell 0.13% to 95.61.

Sensex tumbles 427 points; Nifty retains 17,600

Bajaj Finserv was the top laggard in the Sensex pack followed by Tech Mahindra, Tata Steel, Bharti Airtel, L&T, IndusInd Bank, Bajaj Finance and Infosys.

Rupee trades in a narrow range in early session against U.S. dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04% lower at 95.69

Sri Lanka settles sovereign bond payment as reserves dwindle

The island nation is in its worst crisis in decades, with people facing shortages of essentials like milk powder, cooking gas and kerosene

Daily quiz | Indians in global firms

Since the dawn of the new century, the number of Indian-origin professionals becoming the head of global corporations has grown. A quiz on such people holding positions of power. Compiled by: V.V. Ramanan

OPEC's share of Indian oil imports falls to lowest in at least 15 yrs

India's crude imports rebounded 3.9% to 4.2 million barrels per day (bpd) in 2021, the data showed, but remained below pre-pandemic levels in 2019

India set to shift diet to soft oils as Indonesia curbs palm oil

Indonesia supplies 60% of India's palm oil imports

Adani Wilmar sets IPO price band at ₹218-₹230 per share

The three-day initial share-sale will open for public subscription on January 27 and conclude on January 31

Sensex tanks nearly 700 pts in early trade; Nifty dips below 17,600

Bajaj Finserv was the top loser in the Sensex pack, shedding 2.59%, followed by Infosys, Dr. Reddy’s, Tech Mahindra, Sun Pharma, Wipro and IndusInd Bank

India Ratings pegs FY23 GDP growth at 7.6%

Agency expects fiscal deficit at 5.8-6%

‘Vedanta mulls $10-bn fund to bid for BPCL, other assets’

Money will never be a problem, says chairman Agarwal

NCLAT directs Jalan-Kalrock consortium to share resolution plan details with Jet Airways workmen

The development comes almost seven months after the Mumbai bench of the NCLT approved the Jalan-Kalrock Consortium''s resolution plan

Videocon lenders invite fresh EoIs

The consortium of lenders of Videocon Industries has invited fresh expressions of interest (EoIs) for the debt-ridden group after the insolvency

States to get ₹47,541 cr. via tax devolution

The Centre will on Thursday release an advance instalment of tax devolution to the States amounting to ₹47,541 crore, the Finance Ministry said.

Cotton prices hit the roof in Gujarat

Cottonseed prices range from ₹8,500-10,500 per quintal in country’s largest producing State

Zydus’ anticonvulsant pill gets U.S. FDA nod

Generic drugmaker Zydus has received the final approval from the U.S. FDA to market anticonvulsant drug Vigabatrin Tablets 500 mg. The approved

Apollo Tyres invests in solar energy firm

Leading tyre manufacturer Apollo Tyres Ltd. (ATL) has picked up a 27.2% stake in CSE Deccan Solar, a subsidiary of Cleantech Solar, to get a

Natco, 9 others chosen to supply COVID-19 drug

UN-backed MPP signs sublicence pacts

Institutional realty stake dropped 14% in 2021: JLL

‘Second wave impacted investments’

HUL Q3 net rises 17% to ₹2,243 cr.

High inflation, raw material prices may pressure margins in near term, says CMD

Toyota announces Hilux, its maiden ‘Lifestyle Utility Vehicle’ in India

‘Prices will be revealed in March; deliveries from April onwards’

Rupee slips 7 paise to close at 74.51 against U.S. dollar

Investors remained cautious ahead of the U.S. Federal Reserve's meeting due next week

Gold rallies ₹ 415 on global cues; silver zooms ₹ 858

In the international market, gold was trading with gains.

Sensex sinks 634 points to end below 60,000-mark

Flight of foreign capital from Indian markets affected the market sentiment

Mixed reality can offer health, safety benefits to first-line workers: Microsoft

Microsoft launches HoloLens2 in India

Fluence, ReNew to form JV to boost energy storage sector in India

Fluence Energy Inc., a global market leader in energy storage products, and renewable energy company ReNew Power Private Ltd, have signed an

Walmart invites Indian sellers to join its marketplace to serve U.S customers

The company has set an ambitious goal of exporting $10 billion from the country each year by 2027.

Zydus gets final USFDA nod to market generic version of Vigabatrin tablets

The company said Vigabatrin is used to treat babies, one month to 2 years old, with infantile spasms

Rupee gains 15 paise to 74.29 against U.S. dollar in early trade

In the previous session, the rupee settled at 74.44 against the greenback.

Customer spending across sectors, regions remains robust: LTI’s Sanjay Jalona

`Momentum to continue for at least 3-5 years’

Sensex falls over 160 points in early trade; Nifty slips below 17,900

Infosys was the top loser in the Sensex pack followed by Asian Paints, HCL Tech, Reliance Industries, Wipro, HDFC and TCS.

Momentum in India's favour, need to prevail over COVID: Deloitte CEO on economic development

“India will lead others in terms of growth of large economies.”

India’s oil production continues to decline

Output dropped 2% in December

Economic recovery is yet to attain durability, says ICRA

‘Early data for Jan. is weak following reimposition of curbs to check third wave’

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India's Permanent Representative to the UN, T.S. Tirumurti speaking at the UNSC, in New York. File

38K | Recognise ‘Hinduphobia’ and violence against Buddhists, Sikhs too: Indian envoy to U.N.

The bank took over the possession of the store for non-payment of dues, under provisions of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act

20K | Indian Bank takes over Saravana Stores (Gold Palace) in T. Nagar for non-payment of dues

In 2021, the DoPT directed West Bengal Chief Secretary Alapan Bandyopadhyay to report to its office hours after Bengal Chief Minister Mamata Banerjee allegedly skipped a review meeting on Cyclone Yaas with Prime Minister Narendra Modi. File

19K | States weigh options on IAS cadre rule changes

18K | The gentleman spymaster who had India enthralled

A view of Supreme Court in New Delhi. File photo

16K | Supreme Court upholds validity of OBC quota in NEET admissions

12K | Pakistani woman sentenced to death for 'blasphemous' WhatsApp status

Prime Minister Narendra Modi during the national launch ceremony of ‘Azadi Ke Amrit Mahotsav se Swarnim Bharat Ke Ore’, through video conferencing in New Delhi on January 20, 2022. Photo: PIB via PTI

12K | Focus on rights made India weak, says PM

12K | Assam duo’s anti-COVID-19 herbal drink found 98% effective by lab

BJP's Aparna Bisht Yadav seeking blessings from Samajwadi Party patriarch and her father-in-law Mulayam Singh Yadav in Lucknow on Friday, January 21, 2022.

11K | After joining BJP, Mulayam’s youngest daughter-in-law Aparna seeks his blessings