The RBI unveiled new regulations in October 2022, which enhanced governance standards and permitted ARCs to act as resolution applicants under the IBC's ambit

ARC industry will need to reinvent itself

Business Standard

The Tata group is currently toying with the idea of listing Tata Capital after the Reserve Bank of India classified the firm as an NBFC upper layer, with plans to list it by September next year

The Tata group’s unlisted financial services businesses have reported hefty profits for the year, with Tata Capital, the group’s financial services business, reporting a profit of Rs 2,492 crore on revenues of Rs 13,309 crore, as per Tata Sons' annua

The Tata group's unlisted financial services businesses have reported hefty profits for the year, with Tata Capital, the group's financial services business, reporting a profit of Rs 2,492 crore on revenues of Rs 13,309 crore, as per Tata Sons' annua

Razorpay's omni-channel approach admittedly bolstered the firm's operations and helped it navigate the RBI ban

Shashank Kumar, managing director and co-founder, Razorpay

The quartet of Djokovic, Nadal, Federer, and Murray are popularly known as the Big Four of tennis.

Big four of tennis

Companies have already started to witness a surge in demand across fast-moving consumer goods, consumer durables, and retail

fmcg shopping consumer consumption

To Howard Schultz, the chaos he observed at a Starbucks in Chicago one recent morning summed up the troubles of the company he long led as chairman and CEO.
Commuters tumbled off trains and into a Starbucks store to pick up the orders they had placed on their cellphones. Drinks weren't ready when the mobile app said they would be. Customers couldn't tell which beverage was theirs.
Everyone shows up and all of a sudden we've got a mosh pit, Schultz said during a June episode of the podcast Acquired. That's not Starbucks.
Fifty-three years after its founding, the Seattle coffee giant is unhappy with what it's become  and trying to figure out how to meet customers' changing needs without losing its coffeehouse roots. To recapture what once made it special  and turn around sagging sales  Starbucks is turning to Brian Niccol, an experienced marketer who previously led Taco Bell and Chipotle.
Niccol takes over as Starbucks' chairman and chief executive on Monday.
With nearly 40,000 stor

Starbucks

After three cheetahs died in just over a month last year in Madhya Pradesh's Kuno National Park, the National Tiger Conservation Authority in May 2023 called in experts from Reliance's wildlife facility in Gujarat to review health monitoring protocols, official records show.
The National Tiger Conservation Authority's (NTCA) Assistant Inspector General of Forests Abhishek Kumar wrote to the CEO of Reliance Industries' Jamnagar-based Greens Zoological Rescue and Rehabilitation Centre (GZRRC) on May 11, 2023, requesting that a team of experts be sent to Kuno to "review health monitoring protocols" and provide advice to "ensure the welfare of the cheetahs" following the deaths of three spotted felines between March 27 and May 9.
Kumar's letter said Project Cheetah was the first intercontinental reintroduction of a wild, large carnivore species with "no comparable historical precedent" and it was not surprising that a project of such a "magnitude and complexity would face many ...

Govt reveals new names for Namibian, South African cheetahs at Kuno park

Kuno cheetah

The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM's suggestions on rate rationalisation, and a status report on online gaming, sources said.
Sources said the fitment committee, comprising Centre and state tax officials, will present a report on GST levied on life, health and reinsurance premiums and the revenue implications.
The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, will decide on whether to reduce the tax burden on health insurance from the current 18 per cent or exempt certain categories of individuals, like senior citizens.
The deliberations will also happen with regard to the goods and services tax (GST) cut on life insurance premium.
In 2023-24, the Centre and states collected Rs 8,262.94 crore through GST on health insurance premium, while Rs 1,484.36 crore was collected on account of GST on health reinsurance premium.
The issue of taxation on insurance .

GST council meeting

Options have included export controls, currency manipulation charges and tariffs, people familiar with the matter have previously told Bloomberg News

Donald Trump

The Congress on Sunday said the SEBI investigation into "the Adani Group's brazen attempt" to bypass regulations is still languishing and the capital markets regulator has a lot to explain.
Congress general secretary in-charge communications Jairam Ramesh's remarks attacking SEBI came after a media report which claimed that two Mauritius-based foreign portfolio investors (FPIs), who were mentioned in the January 2023 report on the Adani Group by short-seller Hindenburg Research, have petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI's new foreign investor norms.
"Two Mauritius-based foreign portfolio investors (FPIs), a part of the revelations in the still-unfolding Modani mega scam, have now petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI's new foreign investor norms before the upcoming September 9th deadline," Ramesh said.
Both the FPIs are alleged to be violating rules that require investors t

SEBI

The combined market valuation of eight of the top-10 most valued firms got eroded by Rs 2,01,699.77 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest laggards, in line with weak trends in equities.
Last week, the BSE benchmark dropped 1,181.84 points, or 1.43 per cent.
The market valuation of Reliance Industries tumbled Rs 60,824.68 crore to Rs 19,82,282.42 crore.
The valuation of Tata Consultancy Services (TCS) slumped Rs 34,136.66 crore to Rs 16,12,762.51 crore.
State Bank of India's valuation dropped Rs 29,495.84 crore to Rs 6,98,440.13 crore and that of Bharti Airtel diminished Rs 28,379.54 crore to Rs 8,76,207.58 crore.
The market capitalisation (mcap) of Infosys tanked Rs 17,061.44 crore to Rs 7,89,819.06 crore and that of Life Insurance Corporation of India (LIC) eroded by Rs 16,381.74 crore to Rs 6,57,009.14 crore.
ICICI Bank's mcap declined Rs 15,169.76 crore to Rs 8,51,204.65 crore and that of ITC was down Rs 250.11 crore to

Stock Market, BSE, Nifty, Capital

The Fifa Ballon d'Or 2024 nominees are out with both Messi and Ronaldo not included in the shortlist for the award which will be presented on October 28 in Paris

Ballon d'Or 2024 nominees

After regaining their risk appetite, FPIs pumped money into consumer durables and information technology (IT) stocks. Power and metals stocks saw the maximum net outflows

FPIs

The Central Pollution Control Board has asked all producers to fulfil their assigned EPR obligations for fiscal years 2023 and 2024

tyre

India's average household spending on food has fallen to less than half for the first time since 1947, according to a recent working paper by the Economic Advisory Council to the Prime Minister (EAC-PM).
The paper titled 'Changes in India's Food Consumption and Policy Implications: A Comprehensive Analysis of Household Consumption Expenditure Survey 2022-23 and 2011-12 further said significant changes are unfolding in India's food consumption pattern.
According to the paper, the share of total household expenditure on food has declined substantially in rural and urban areas across all states and UTs.
"It is the first time in modern India (post-independence) that average household spending on food is less than half the overall monthly spending of households and is a marker of significant progress," it said.
The paper is a comprehensive analysis of the Household Consumption Expenditure Survey 202223 and comparison with 201112.
"Overall, there has been a significant increase in ...

Food, Indian Food, Thali

Adani Enterprises, is for the first time marketing bonds to mom and pop investors. The following day, Ambani-led Reliance's board approved giving shareholders an extra share for every one they hold

Mukesh Ambani

The PAC will probe the allegations against the Sebi chief and also ask her and other officials from the ministries of finance and corporate affairs to appear before the committee

R K Bansal

ARC industry will need to reinvent itself

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Tata group's financial services business make hefty profits in FY24

Razorpay betting big on omni-channel growth ahead of IPO: Shashank Kumar

2024: The rare year of no silverware for the Big Four of tennis in 20 years

Consumer firms boost production, increase stocks ahead of festive season

Starbucks appoints Brian Niccol as CEO after struggles with mobile orders

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Centre turned to Reliance's wildlife facility after cheetah deaths in Kuno

GST Council to deliberate on taxation of insurance premium, online gaming

US elections: Trump pledges 100% tariff for countries that shun dollar

Hindenburg research: Sebi has lot to explain, says Cong over Mauritius FPIs

Mcap of eight of top-10 most valued firms erode by Rs 2 trn; TCS, LIC drop