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Employees fill plastic bottles with edible oil at an oil refinery plant of Adani Wilmar Ltd, a leading edible oil maker, in Mundra, in Gujarat. File photo

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

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

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A worker checks the quality of crude palm oil (CPO) in a state CPO processing unit at Indonesia's North Sumatra province. File

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

Reuters Indonesia supplies 60% of India's palm oil imports

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Challenging times: HUL urged the government to continue support measures as rural demand had lulled.

HUL Q3 net rises 17% to ₹2,243 cr.

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

Representational image.

Institutional realty stake dropped 14% in 2021: JLL

Special Correspondent ‘Second wave impacted investments’

Tadashi Asazuma, Executive Vice President,Toyota Kirloskar Motors

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

Natco, 9 others chosen to supply COVID-19 drug

London-headquartered Vedanta Resources has grown its annual revenue from $1 million to over $15 billion in the past decade. File

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

Videocon lenders invite fresh EoIs

‘Share plan of resolution with Jet workmen’

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

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

India Ratings pegs FY23 GDP growth at 7.6%

PTI Agency expects fiscal deficit at 5.8-6%

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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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

1hr

Employees fill plastic bottles with edible oil at an oil refinery plant of Adani Wilmar Ltd, a leading edible oil maker, in Mundra, in Gujarat. File photo

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

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

2hrs

Economy

See All

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

A customer buys government-price controlled milk powder in Colombo, Sri Lanka. Sri Lanka is in the midst of a foreign currency crisis. The shortage of foreign currency caused by a pandemic recession has hindered the ability of the government to import goods. File photo

Sri Lanka settles sovereign bond payment as reserves dwindle

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

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Industry

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

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

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

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

India’s oil production continues to decline

Economic recovery is yet to attain durability, says ICRA

Ban on regular international flights extended till Feb. 28

The Directorate General of Civil Aviation on Wednesday extended the ban on scheduled or regular international flights till February 28. However,

Air India cancels U.S. flights for second day

Safety concerns over 5G rollout in U.S.

Mills call for lifting import duty on cotton

Textile mills have reiterated their demand to remove the import duty on cotton as prices of domestic cotton continue to increase. Chairman of Southern

‘High taxes leave aviation chronically ill’

The aviation sector in the country is ‘chronically ill’ because of high taxation and the government must extend relief on fuel and custom duties to

Hero Electric ties up with M&M for EVs

Hero Electric and Mahindra & Mahindra (M&M) on Wednesday announced a collaboration for joint production, development and knowledge sharing in

Chola floats 3 loan units, partners fintech firms

Picks up 70% in Payswiff for ₹450 cr.

Tata Motors rolls out CNG-fuelled Tiago, Tigor

Offers iCNG tech in both PV models

BharatPe MD Ashneer Grover takes voluntary leave till March-end

Grover was recently embroiled in a controversy over purportedly using abusive language against Kotak Mahindra Bank staff

Symphony Technology Group rebrands McAfee, FireEye combine as Trellix

Symphony Technology Group (STG), a California-based private equity firm, has merged two of its recent acquisitions, McAfee Enterprise and FireEye and

Rupee snaps 3-day losing streak, settles 14 paise higher at 74.44 against USD

"The Indian rupee gained the most in a week.”

Sensex, Nifty tanks around 1 % as rate hike worries hit global equities

Infosys fell the most among Sensex stocks.

Microsoft to buy ‘Call of Duty’ maker Activision Blizzard for $69 billion

The acquisition will accelerate the growth in Microsoft’s gaming business, making it the world’s third-largest gaming firm by revenue, behind Tencent and Sony, after the deal closes.

Reliance Jio topples BSNL as largest fixed line broadband provider

Jio started commercial roll out of fixed line broadband service, JioFibre, in September 2019

Lupin ties up with China’s Fancoo Pharma

“Lupin is committed to serving the healthcare needs of the Chinese population by providing high quality products”

Tesla investors urge judge to order Musk repay $13 billion for SolarCity deal

The lawsuit by union pension funds and asset managers alleges that Musk strong-armed the Tesla board into approving the deal for the cash-strapped SolarCity, in which Musk was the top shareholder.

Nazara to acquire majority stake in Datawrkz

It will acquire a 33% stake in the first tranche by April 2022.

Mercedes-Benz’s Piyush Arora to be new MD of Škoda Auto VW India

Mr. Arora has been working in the automotive industry for more than 30 years.

Reliance Jio prepays ₹30,791 crore towards spectrum acquisition dues

RJIL had executed the first tranche of prepayment in the month of October 2021 pertaining to spectrum acquired in the auction in 2016

Sensex declines by over 200 points in opening trade amid weak global trends

The 30-share barometer dropped by 208.38 points to 60,546.48 in opening trade

AT&T, Verizon to delay launch of 5G services after airlines raise alarm

Airlines want the new service to be banned within two miles of airport runways

OPEC sees well supported oil market in 2022, despite Omicron

OPEC on Tuesday stuck to its forecast for robust growth in world oil demand in 2022 despite the Omicron coronavirus variant and expected interest-rate

‘Cyberattacks surge as COVID spurs digital push’

Ransomware incidents rose 151%: WEF

Twin Star goes to SC over its Videocon bid

Vedanta Chairman Anil Agarwal-promoted Twin Star Technologies has moved the Supreme Court challenging the NCLAT’s order that set aside its

Cost of States’ debt funds surges to 7.24%

States are shelling out more for debt funds, with the weighted average cost for their debt auctions hardening by 9 basis points to touch 7.24%, the

‘Chunk of workforce for shifting jobs’

Notwithstanding the pandemic, India’s workforce is optimistic about the future of work, and a significant percentage of professionals are considering

Oil rises past 7-year high on supply fears

Brent jumps to highest level since October 2014; analysts see shortfalls pushing prices to $100 a barrel

Reliance Retail buys 54% in Addverb Tech

Reliance Retail has acquired a 54% stake in domestic robotics company Addverb for $132 million (about ₹983 crore), a senior official of the robotic

India extends another $500 million LoC to Sri Lanka for emergency fuel import

India on Tuesday extended a $500 million-Line of Credit (LOC) to Sri Lanka for urgent fuel imports, days after providing $900 million relief to the

Dixon, boAt form JV for audio items

Imagine Marketing, which manufactures products under the brand ‘boAt’, on Tuesday announced a 50-50 joint venture with Dixon Technologies for the

Tata Motors increases PV prices

Tata Motors Ltd. has announced a price increase of 0.9% on an average on its passenger vehicles (PVs) effective January 19. The price increase would

Centre invites applications for IRDAI post

Insurance regulator without a Chairman for over eight months now

Wabco India to be renamed

Wabco India Ltd., which is into advanced braking systems, would be renamed as ZF Commercial Vehicle Control Systems India Ltd. About 99% of

Third wave to dent Housing Finance Companies' asset growth by 200 bps

Crisil sees more organic consolidation

‘Two-pronged strategy to bolster CG Power’

‘Focus on legacy, risk management’

Vikram Dev Dutt to head Air India

The appointment comes at a time the government is in the final stages of handing over the airline to Tata Sons

Sensex tanks 550 points; Nifty slumps below 18,150

Basic Materials, Telecom, Auto, Realty and Metal indices fell up to 2.76%

Rupee slumps 33 paise to close at 74.58 against U.S. dollar

"Higher crude oil prices and risk-off sentiments following a surge in bond yields are enough for the rupee to become the worst-performing currency among Asian currencies."

Interview | Akasa Air: Will get first aircraft in April, flights from May or June, says founder

The country’s newest airline will acquire 18 aircraft in the first year and focus on domestic routes, before launching international flights, says Managing Director and Chief Executive Officer Vinay Dube.

Rupee falls 18 paise to 74.43 against US dollar in early trade

At the interbank foreign exchange, the rupee opened weak at 74.36 against the U.S. dollar, then fell further to 74.43 against the greenback in early deals, registering a decline of 18 paise from the last close

Sensex gains over 135 points in early trade; Nifty tests 18,350

Sun Pharma was the top gainer in the Sensex pack, rising 1.49%, followed by ITC, Tech Mahindra, Bajaj Finserv, Bajaj Finance, PowerGrid and Axis Bank

Exports target of $650 billion within this fiscal achievable: Goyal

Commerce and Industry Minister Piyush Goyal informed that during the current month till January 15, exports have touched $16 billion.

DoT amends telecom licences to enable machine-to-machine communications

The DoT has also added a clause for provisioning of audiotex or interactive voice response service (IVRS) as part of telecom licence

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

36K | Recognise ‘Hinduphobia’ and violence against Buddhists, Sikhs too: Indian envoy to U.N.

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

17K | States weigh options on IAS cadre rule changes

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

16K | Indian Bank takes over Saravana Stores (Gold Palace) in T. Nagar for non-payment of dues

A view of Supreme Court in New Delhi. File photo

14K | Supreme Court upholds validity of OBC quota in NEET admissions

11K | Pakistani woman sentenced to death for 'blasphemous' WhatsApp status

A COVID-19 patient is shifted to the Civil Hospital in Ahmedabad on January 19, 2022.

8K | India’s new COVID-19 cases cross 3-lakh mark on January 19, 2022

Filr photo of Congress leader Rahul Gandhi

7K | 'Hindutvavadis' cowards, spreading hatred on virtual spaces: Rahul Gandhi

Two IndiGo aircraft came close to colliding with each other mid-air while taking off from Kempegowda International Airport on January 7. File

6K | Mid-air collision between two aircraft averted at Kempegowda International Airport on January 7

6K | What Vladimir Putin really wants