BUSINESS
Industry groups hit back on telco’s demands to regulate, charge OTTs
The TRAI proposal on selective banning of OTT or Internet services has resulted in a fierce debate among the industry bodies, internet companies and startup founders.
Adani Group: Too big to fail
Focused on sustainable and long-term value creation, the Group continues to work with the twin objectives of further deleveraging and looking at opportunities to expand and grow. The Group’s core strength lies in mega-scale infrastructure project execution capabilities and infrastructure is increasingly becoming central to India’s growth.
Indian Overseas Bank saw its market capitalization nearly double during July-Sep quarter
A 91.60 per cent gain propelled the state-owned lender to the eighth place in the top 20 Indian banks by market capitalization as of September 30, from rank 14 three months ago.
12.2 lakh metric tonnes paddy procured till Oct 3, says Centre
This procurement was done till October 3, 2023 under the kharif marketing season 2023-24, official sources said.
IndiGo recommences Delhi-Hong Kong flight
"This reinstatement aims to strengthen strategic ties, capitalising on the rich socio-cultural diversity between one of South Asia's largest economies and a vital business and travel hub in the Asia-Pacific region,” an airline spokesperson said.
Marico cracks over 4% after company flags lower revenue
Marico shares were down 4.4 per cent at Rs 544.95 on BSE on Thursday.
Sensex up more than 500 points as crude prices correct
The decline in the dollar and US bond yields are mild and therefore, not adequate for a reversal of FII selling, which continues to be very high. But the sharp correction in Brent crude to $86 is a big positive, he said.
India becomes 4th-highest funded fintech startup ecosystem globally
Overall, the country is the third largest startup ecosystem globally with nearly 1 lakh startups, behind the US and China.
Soaring crude prices may trigger global meltdown like 2008, warns Hardeep Puri
"With the amount of inflation in the global economy, where interest rate hikes are not able to mop up the excess liquidity, you will have a situation where oil prices will repeat the 2008 scenario," Puri said on Bloomberg TV.
RBI sets ball rolling for new bad loans provisioning method
The RBI released a discussion paper in January suggesting banks switch to the ECL method, in which lenders assess the probability of default upfront and provision accordingly, rather than after a default as is the current norm.
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