Inflows into gold ETFs continue to be positive for 10th week in a row
Business Lineby Subramani Ra Mancombu·11d ago
Investments in physically backed gold exchange-traded funds (ETFs) were positive for the tenth week in a row last week, but outflows almost matched the inflows, data from the World Gold Council...
SEBI settlement overhaul separates fund recovery from settlement payment
Business Lineby Akshata Gorde·11d ago
The Securities and Exchange Board of India’s (SEBI) revised settlement framework will keep recovery of money allegedly diverted from a company separate from the amount paid to settle regulatory...
Noel Tata moots merger of 2 group firms with Tata Sons to keep it private
Business Lineby Aneesh Phadnis·11d ago
Tata Trusts Chairman Noel Tata has proposed the merger of two Tata group companies with Tata Sons Private Ltd (TSPL) in an effort to keep the holding company private and outside the ambit of the...
SEBI orders winding-up of Growpital farmland investment scheme
Business Lineby Akshata Gorde·11d ago
The Securities and Exchange Board of India (SEBI) has ordered the winding-up of Growpital’s farmland investment scheme, holding that the platform operated an unauthorised collective investment...
Tata Trusts’ bid to reorganise Tata Sons could face regulatory hurdles
Business Lineby BL Mumbai Bureau·11d ago
Tata Trusts’ bid to reorganise Tata Sons Pvt Ltd (TSPL) by merging Tata Electronics Systems Solutions Pvt Ltd (TESS) and Tata Consulting Engineers (TCE) with the TSPL, so that the holding company...
India-EU FTA won’t change farm trade much, but opens door to agri-tech: Dutch Minister
Business Lineby Amiti Sen·11d ago
The India-EU Free Trade Agreement (FTA) is unlikely to substantially alter trade in primary agricultural products, but it could create greater scope for cooperation in agricultural equipment...
Government will not let things go out of control, says Petroleum Minister Hardeep Singh Puri
Business Lineby BL Kolkata Bureau·11d ago
Minister of Petroleum and Natural Gas Hardeep Singh Puri on Monday said the Centre has so far successfully navigated the crude and natural gas disruptions caused by the blockade in the Strait of...
El Nino effect: India’s coal imports may rise in October-December
Business Lineby Rishi Ranjan Kala·11d ago
Lower hydro-power generation due to the El Nino effect leading to deficient rainfall, coupled with more coal burn at thermal power plants (TPPs) owing to higher electricity demand during the...
Markets sink to six-month low as oil shock wipes out ₹7.5 lakh crore in investor wealth
Business Lineby BL Mumbai Bureau·11d ago
Indian equities suffered one of their sharpest sell-offs this year on Monday, with benchmark indices tumbling to six-month lows amid surging crude oil prices, rising global bond yields and...
Front-of-the-pack warning labels : An explainer
Business Lineby Meenakshi Verma Ambwani·11d ago
In a move that will reshape the packaged food and beverage industry landscape in the country, the Food Safety and Standards Authority of India (FSSAI) has proposed introducing a framework for the...
If neither a tax nor fee, what is this ‘expropriation’, SC asks govt on MDR
Business Lineby Krishnadas Rajagopal·11d ago
The Supreme Court on Monday questioned the government’s legal authority to “expropriate” 0.4 per cent charge on merchants for specified UPI person-to-merchant transactions in excess of ₹2,000.
Editorial. Omissions and commissions
Business Line·11d ago
India’s insurance sector, the tenth largest globally, has been plagued by low penetration, inordinately high payouts to distributors, mis-selling of policies and poor persistency ratios.
Oil, pharma enterprises and banks already migrating from hyperscaler to local cloud service providers: ESDS
Business Lineby Vallari Sanzgiri·11d ago
Noting the strong push for sovereignty in India, oil, pharmaceutical companies, enterprises and banks have migrated from hyperscaler to local cloud service provider ESDS Software Solutions, as per...
Canon India sees semiconductor equipment opportunity as India fabs take shape
Business Lineby Aishwarya Kumar·11d ago
Canon India is eyeing an opportunity to supply semiconductor manufacturing equipment to the country’s emerging chip industry, as it looks to diversify beyond its traditional printing and imaging...
More heavy rain can make monsoon normal in September
Business Lineby Prabhudatta Mishra·11d ago
The daily rainfall departure from normal during September ranged from a 59 per cent deficit to a 162 per cent surplus, bringing the overall rainfall for the month within the normal range so far.
UPI market-share cap faces enforcement hurdle as PhonePe, Google Pay retain nearly 80%
Business Lineby Jyoti Banthia·11d ago
The government’s deadline to enforce the 30 per cent market-share cap on individual UPI apps is approaching.
Air India CEO-designate Gebremariam puts focus on profitability, safety and reliability
Business Lineby BL New Delhi Bureau·11d ago
Tata Group-led Air India will focus on improving revenue as well as cost performance while strengthening safety and operational reliability, said Tewolde Gebremariam, the airline’s Chief Executive...
After black matpe, Brazilian pigeonpea to hit Indian markets soon
Business Lineby Vishwanath Kulkarni·11d ago
Brazilian pigeonpea (tur) is set to hit the Indian market over the next few months as the South American producer is expected to start exports of the pulses variety soon.
India, US trade talks: Goyal to meet US Trade Representative Greer on interim deal
Business Lineby Amiti Sen·11d ago
India and the US are expected to focus on advancing negotiations for a bilateral trade agreement (BTA) and finalising an interim deal during Commerce & Industry Minister Piyush Goyal’s proposed...
Indian refiners buy costly West Asian barrels as Russian supply narrows
Business Lineby Rishi Ranjan Kala·11d ago
India crude oil imports averaged at roughly 5.3 million barrels per day (mb/d) so far during September as refiners procured costly West Asian cargoes amidst shrinking supply from Russia.
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