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LEGACY DUES REDUCTION
Jefferies initiates coverage on Poonawalla Fincorp with Buy rating. Why are analysts bullish?Jefferies has initiated coverage on Poonawalla Fincorp with a Buy rating and a target price of Rs 490. The brokerage sees strong growth pot...- Labour Code set to bring long-term gains, but transition may test India IncIndia's new labour laws promise easier business operations ahead. However, companies face a complex transition period. Navigating different...
- Mutual funds cut technology sector exposure to 8-year low in April. Is AI disruption reshaping sentiment?Mutual funds have significantly reduced their technology sector exposure to an eight-year low, driven by concerns over AI disruption, slowi...
- From soaps to biscuits, your grocery bill may be headed higher againDabur India anticipates price hikes in Q1 FY27 due to persistent inflationary pressures, particularly in packaging materials, driven by Mid...
- Nobel Prize winner in Physics, David Gross says humanity may not survive 50 years - here are his chilling reasonsOver 12,000 nuclear warheads remain active across the globe today. Nine nations hold the power to end civilization as we know it. And accor...
- Indian IT still alive & kicking; companies need us to access AI gains: TCS CEO K KrithivasanDespite predictions of its demise, Indian IT services, led by TCS, are proving resilient due to deep skill sets, not just cost arbitrage, C...
- Discom legacy dues drop to Rs 3,300 crore from Rs 1.39 lakh crorePower distribution companies have drastically cut their old dues. Legacy arrears have fallen from over Rs 1.39 lakh crore to just Rs 3,300 ...
- ETtech Explainer: Decoding Anthropic’s Claude Code update that triggered IBM selloffA single Anthropic blog claiming its AI model Claude can read and modernise COBOL wiped nearly $30 billion off IBM’s market value. COBOL, a...
- Power sector's legacy dues fall to Rs 4,109 crore in FebruaryPower sector legacy dues have seen a dramatic reduction. From Rs 1.40 lakh crore in June 2022, outstanding amounts have fallen to Rs 4,109 ...
- Fast-track migration to ISO 20022 to avoid cross-border payments rejection: IBA to banksThe Indian Banks' Association (IBA) has urged banks to expedite the implementation of SWIFT ISO 20022 norms to avoid cross-border payment i...
- After 40 years, Defence Shipyard HSL's net worth turns positiveAfter 40 years, Hindustan Shipyard (HSL) has turned its net worth positive, overcoming significant challenges and liabilities. Achieving a ...
- Discoms outstanding dues decline 82 pc in over 2 years to Rs 24k crPower distribution companies' legacy dues have drastically decreased by 82% to ₹24,684 crore since June 2022. Thirteen states initially rep...
- More cuts in domestic gas supply to CNG firms, IGL says to impact profitabilityIndraprastha Gas Ltd (IGL) has announced a second reduction in domestically produced natural gas supply, impacting CNG availability and pot...
- Moody's assigns Ba3 rating to Piramal Capital and Housing Finance, outlook Stablehe rating agency said that Piramal Finance is driven by its high capitalization and an increasingly diversified portfolio mix, offset by it...
- Gas price for Reliance trimmed to $9.87; rate for gas that feeds CNG, PNG supplies still at $6.5The government has announced a marginal reduction in the price of natural gas produced from difficult areas like the deep sea KG-D6 block o...
- Nissan raises global EV targets; to increase U.S. localisationNissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - make up over 55% of global sales by fiscal ...
- Delhi Lieutenant Governor V K Saxena and AAP govt clash, this time over cleanlinessWith MCD elections due in the capital after the delimitation exercise, solid waste management has become an easy stick to beat the BJP with...
- Govt announces 25% cut in TDS/TCS rate for non-salary paymentsThe reduction will kick into effect from May 14 and will be valid on payment for contract, professional fees, interest, rent, dividend, com...
- Jio on IUC: Big telcos made excess recovery of Rs 1.2 lakh croreJio alleged that these rates have risen from 10 per cent of voice call charges in 2003 to 45 per cent of call charges in 2017.
- Surcharge cut may not benefit passengers soonFollowing a reduction in the price of aviation turbine fuel (ATF), most airlines are adopting a wait-and-watch policy before taking a call ...
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