Airtel prepays Rs 8,465 crore to DoT for 2016 spectrum buy

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kGmquhW

Government banks on homegrown cos to push EVs

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/AHZwaWD

Investments in sectors under PLI schemes expected to hit Rs 2 lakh crore in coming years

The production linked incentive (PLI) schemes have garnered investments of Rs 1.46 lakh crore till August, with projections to reach Rs 2 lakh crore soon. This initiative has boosted production, sales, and employment in key sectors such as electronics and pharmaceuticals. Commerce Minister Piyush Goyal held discussions with industry leaders for further enhancements.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tH92Ufe

Market capitalization of 8 of top-10 most valued companies soars Rs 1.21 lakh crore

Eight of the top-10 most valued companies saw a combined market valuation increase of Rs 1,21,270.83 crore last week, driven primarily by Reliance Industries. This surge paralleled a significant rally in benchmark equity indices. In contrast, ICICI Bank and Hindustan Unilever faced declines in their market valuations.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MvbWPtB

L&T Semicon expects its chip production to start in 2 years; to set up unit later

L&T Semiconductor Technologies plans to manufacture its designed semiconductor products within two years, aiming to establish chip manufacturing plants after reaching a revenue threshold of USD 50 million to USD 1 billion. Currently, they are forming teams for about 15 different products and have signed an agreement with IBM for advanced processor design.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Kx4ZeUV

FPI inflows peak at 9-month high of Rs 57,359 cr in September, crosses Rs 1 lakh cr

Indian equities attracted Rs 57,359 crore from foreign investors in September, the highest in nine months. The surge is largely due to the US Federal Reserve's rate cut. Experts predict sustained strong FPI inflows, supported by global interest rate easing and India's robust economic fundamentals. Key decisions by the RBI will be crucial for maintaining this momentum.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dHWwLTG

Front-running: Angel settles case with Sebi

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZWLbEy8

New age tech IPOs rake in Rs 15,000 crore, best year since 2021

New-age tech IPOs are benefiting from bullish stock market sentiments after a three-year lull. This year has seen nearly Rs 15,000 crore raised through IPOs, the best since 2021. Six startups including Ola Electric and FirstCry have gone public, raising a combined Rs 14,571 crore. A slew of startups like Zepto and PhysicsWallah are eyeing market debut in the coming year.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/h3mKxgu

Minimum wages for unorganised sector to rise as variable DA up

The Centre has raised minimum wage rates for unorganised sector workers through a revision of the variable dearness allowance. Effective from Oct 1, these new rates are categorised by skill levels and geographical areas. This move is intended to help workers cope with increasing living costs.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/omIXE83

Swiggy files for Rs 10k crore IPO, eyes Diwali listing

Swiggy has filed for an IPO estimated at $1.2 billion, which could increase to $1.4 billion following a shareholder meeting. The company intends to raise Rs 3,750 crore through new shares and the rest from an offer-for-sale by existing investors. The IPO might be timed with Diwali festivities in November.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RhQlbLe

Ministerial panel looks to rework GST rates on over 100 items

The ministerial panel on GST rationalisation has discussed proposals for adjusting rates on over 100 items and merging the 12% and 18% slabs. The fitment committee will analyse the impact, potentially reducing rates for common goods and increasing them for luxury items. Further discussions are scheduled in Delhi later this month.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EzJXtbG

Sebi set to tighten F&O rules to rein in speculative trading

Sebi will address the retail speculation in futures and options trading during its board meeting on September 30 while considering stricter rules and margining systems. Additionally, the board might approve a new hybrid investment product for wealthy investors and specific regulations for passive-only fund houses, following extensive feedback on proposed changes.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8FT7LVS

Minors with mansions: Now, wealthy Indian 'kids' own foreign properties

Indians are consistently purchasing high-value properties abroad, with minors now joining in through the RBI's Liberalised Remittance Scheme using parental gifts. Dubai is a favored destination. Accurate disclosure of these assets is crucial to avoid penalties under the Black Money Act. Guardians managing minors' assets must ensure proper reporting in tax returns.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/S3bHCps

BP raises India bet with board visit amid ONGC, Cairn search for suitors

BP plc is amplifying its commitment to India by hosting its full board meeting in the country. This visit aligns with Indian firms seeking partnerships for offshore projects. BP's technical expertise and ongoing ventures, including a stake in Reliance's KG-D6 block, make it an ideal partner for these initiatives.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6obR3MV

Zaggle acquires 26% stake in Mobileware to boost its digital payment capabilities

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/blXTfeH

Sebi nod: Hyundai's Rs 25k cr IPO & Swiggy's Rs 12,000cr

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1tIqRSC

Cheaper crude gives room for excise duty hike, fuel price cut

The drop in oil prices offers the Indian government an opportunity to raise excise duty, partly absorbing fuel retailers' profits. This could result in moderate reductions in petrol and diesel prices, helping curb inflation. The government must decide whether to enhance fiscal revenues or pass savings on to consumers.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eOstDfW

Over 9 in 10 F&O retail traders lose money: Sebi

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SdT4h6K

Assets under ARCs shrink in Q1 as bad loan nos drop

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YWyjQZe

Netflix under scrutiny in India over visa, tax, and racial discrimination accusations

India is investigating Netflix for alleged visa violations, tax evasion, and racial discrimination in its local operations. The investigation follows a government email to former Netflix executive Nandini Mehta, who is also pursuing a lawsuit against the company in the US for wrongful termination and discrimination. Netflix denies all allegations.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yBuiU7C

Adani Airport Holdings expands lounge access with debit, credit cards amid Dreamfolks suspension

Travelers at several Indian airports are facing lounge access disruptions as Dreamfolks Services Ltd has abruptly suspended its services. Adani Airport Holdings Ltd is working with banks to restore these services quickly. Meanwhile, lounges at Adani-operated airports are accepting major debit and credit cards from other providers. AAHL manages seven airports, soon adding Navi Mumbai International Airport.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/V7dyne9

Vodafone Idea signs Rs 30,000 crore deal with Nokia, Ericsson & Samsung for 4G, 5G equipment

Vodafone Idea has awarded contracts worth Rs 30,000 crore to Nokia, Ericsson, and Samsung for network equipment over the next three years. This move is part of a larger Rs 55,000 crore capital expenditure plan aimed at expanding 4G coverage and enhancing capacity. The company seeks to improve customer experience and support data growth.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RPCkHt3

No immediate legal view on SC's telecom AGR call: Govt

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/roaAuDz

IT cos returning to campuses after gap year

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SdzVbcE

Analog Devices, Tata Group signs pact to make semiconductors in India

Analog Devices has entered into an agreement with Tata Group for the production of semiconductor products in India. Tata Electronics plans to invest $14 billion to establish a semiconductor fabrication plant in Gujarat and a chip-assembly and testing facility in Assam. The collaboration includes using ADI's products in Tata Motors' electric vehicles and Tejas Networks' telecom infrastructure.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6hGTef4

Sebi modifies framework for valuation of AIFs' investment portfolio

Sebi has modified the valuation framework for Alternative Investment Funds (AIFs), aligning it with mutual fund rules for certain securities. This update follows industry feedback and takes effect immediately. Independent valuers must now belong to registered entities like ICAI, ICSI, or CFA charter. Changes in valuation methods must be disclosed to investors but are not considered material changes.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ta9Z1Hy

Wall Street holds near records after Fed delivers a big cut to rates

Wall Street hovers near record highs as the Federal Reserve initiates a significant interest rate cut to stave off a recession. The S&P 500 remains nearly unchanged, with slight movements in the Dow Jones and Nasdaq. The Fed aims to support the slowing economy and job market while carefully managing inflation risks.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6BbyIQ2

Michelle Bowman's dissent is first from Fed Governor since 2005

Federal Reserve Governor Michelle Bowman dissented on an interest-rate decision for the first time since 2005, opposing a 50 basis point cut in favor of a quarter-point reduction. Her stance reflects concerns about easing too quickly and highlights ongoing internal debates within the Fed over monetary policy amidst economic challenges.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aCDVkZE

US Federal Reserve cuts interest rates by 50 bps in key FOMC meet chaired by Jerome Powell

US Federal Reserve Meeting: The US Federal Reserve has cut interest rates by 50 basis points, the first reduction in over four years, aiming to reverse restrictive economic conditions. Policymakers expect further rate cuts, targeting a range of 4.25%-4.50% by year-end as inflation nears the 2% goal and unemployment rises.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/D2zpTAc

Subhadra first govt scheme to offer digital rupee payment

Subhadra Yojana in Odisha provides women with Rs 10,000 annually in Central Bank Digital Currency (CBDC). Launched by PM Narendra Modi, the scheme ensures direct deposits into beneficiaries' bank accounts without intermediaries. Linked to RBI's digital currency pilot, the digital rupee can be spent using UPI QR codes or transferred to bank accounts.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jVno2DH

AR glasses are here: Snap launches spectacles at LA summit and its own OS to power it

Snap Inc introduced its fifth-generation AR spectacles at the Snap Partner Summit in Los Angeles. These lightweight glasses feature a new OS, hand gesture controls, and virtual console capabilities. Initially available to developers for $99 monthly, they promise advanced AR experiences with partnerships including OpenAI, Lego Games, and Niantic.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DE05eXB

Will controversy: Baba Kalyani refutes brother’s claims

Baba Kalyani, chairman of Bharat Forge, disputes his brother Gaurishankar's claims regarding their late mother Sulochana's will. Gaurishankar alleges Baba coerced her into making a favorable 2012 will. The Pune civil court must now assess the validity of both the 2012 and 2022 wills to settle the inheritance dispute.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XAK2pEo

Goyal suggests new township for startups as India's answer to Silicon Valley

Commerce and industry minister Piyush Goyal proposed developing a new township dedicated to startups, aiming to create an ecosystem for entrepreneurs and innovators. Partnering with NICDC, he envisions this area as India's own Silicon Valley. Goyal also announced setting up a non-profit entity to consolidate startup initiatives under one roof.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MtiLSup

Kalyani brothers spar over mother's wills in fresh feud

Baba Kalyani and his younger brother Gaurishankar are engaged in a legal dispute over their late mother Sulochana's will. Baba seeks to probate a 2012 will, while Gaurishankar presents another from 2022. The case involves significant assets, including properties and shares in the Kalyani Group, with a court hearing expected next month.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TlCxh67

Inter-dept panel may be set up to ensure compliance by online gaming platforms

An inter-departmental committee is proposed to address the rise of online gaming platforms and ensure regulatory compliance. The GST intelligence wing has acted against 118 domestic entities and identified 658 offshore ones for non-compliance. Legal clarity on a 28 per cent tax rate exists, but enforcement is still difficult.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QhdIfe4

Sebi exempts Spice Healthcare from making open offer for SpiceJet shareholders

Sebi has exempted Spice Healthcare from making an open offer to SpiceJet shareholders upon acquiring additional shares, with conditions including a longer lock-in period. SpiceJet also announced new board appointments as it aims to bolster its financial health and meet various obligations.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Zz7fNbO

Sebi clean chit to NSE, ex-MDs Ramkrishna, Narain and 5 others in co-location case

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qUhnZDS

Ford drives into India for 3rd time

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5gIyC4E

E-commerce speeds up to catch up with Quick commerce

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iuf8TVa

'Will take digital public infrastructure stack to 50 nations'

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YLKBQbf

Samsung plans 30% global job cuts, MS 650

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3ioSKel

Trump's plan to hike tariffs would spike shipping costs, just like in 2018, experts say

US presidential contender Donald Trump plans to hike import tariffs if re-elected, potentially driving up cargo rates and inflation. His proposal includes blanket tariffs of 10% to 20% on most imports and higher rates on Chinese goods. Experts warn this could lead to increased consumer costs and disrupted supply chains.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/a7MmUdS

JPMorgan eyes Swiss corporate business gains, blockchain boost

JPMorgan Chase is targeting growth in its Swiss corporate banking sector, using blockchain services to attract new clients. The bank aims for increased market share within three to five years, following Credit Suisse's collapse. Serving around 60 large companies, JPMorgan also seeks significant growth among small and medium-sized enterprises in Switzerland.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hMUgODL

Former Byju's staff get I-T notices for 'unpaid' TDS

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nhFZkiw

Kenyan court halts Adani's proposal for Nairobi airport

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MSOqLsh

'India not closed to business from China but ...': EAM Jaishankar

External Affairs Minister S Jaishankar stated that India remains open to business with China but emphasized the importance of sector-specific engagement and terms. Following the Galwan clash in 2020, India tightened investment scrutiny. Officials now propose relaxing restrictions in non-sensitive sectors like solar panels and battery manufacturing to enhance domestic production.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SHgiblD

Workers at Samsung's India unit go on indefinite strike

Samsung India's employee union alleges that the company is undermining their labour union by creating a rival one. Approximately 1,500 workers have initiated an indefinite strike due to forced overtime and wage revision issues. The newly formed union is still unregistered. Samsung India executives are expected to hold talks with the workers on Tuesday.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kjN7uHF

Gadkari: EVs may not need subsidies in 2 years

Nitin Gadkari, the road transport minister, indicated that electric vehicles could be subsidy-free within two years as their prices are expected to equal those of petrol and diesel vehicles due to declining battery costs. He emphasized consumer choice and highlighted issues related to fuel import bills and pollution from internal combustion engine vehicles.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uS3gqlZ

SpiceJet's Ajay Singh may sell over 10 pc stake in airline to raise funds

Ajay Singh, chairman of SpiceJet, may sell over 10% of his stake in the airline as part of a funding round aimed at raising up to Rs 3,200 crore. This move seeks to address financial challenges and operational needs. The funding round is anticipated to be completed by the end of September.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/g90wZ6L

It’s raining IPOs on D-Street. 16 offers eye Rs 9k cr this week

Dalal Street investors will have the opportunity to invest in 16 IPOs next week, aiming to raise nearly Rs 9,000 crore. Bajaj Housing Finance's IPO is the largest at Rs 6,560 crore. Key factors for this surge include substantial investor liquidity and regulatory changes, as noted by Pantomath Capital Advisors.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gr61Pik