In this issue

May 21, 2024

Large order book, EV demand drive Sona BLW growth

Auto parts maker Sona BLW Forgings Precision reported strong revenue in the fourth quarter of financial year 202324 (Q4FY24) amid growing demand for electric vehicles.

2 mins

Jump in passive fund inflows on new launches, EPFO boost

Passive funds attract ₹37,200 crore inflows in 2024

2 mins

Iran prez Raisi's death unlikely to impact Indian markets

Iranian President Ebrahim Raisi's death in a tragic helicopter crash is not seen as having a big impact on the domestic markets unless it leads to any escalation in geopolitical tensions, according to experts.

1 min

Gold and silver hit record highs on Fed rate-cut hopes

Gold surged to an all-time high, boosted by increasing optimism the Federal Reserve will start easing monetary policy this year along with rising geopolitical tensions in the West Asia.

2 mins

FPIs exit BFSI, IT stocks in May's opening weeks

FPIs trim holdings, await positive signals; experts eye post-Budget opportunities amid election tension

2 mins

Delhi's peak power demand logs new May high of 7,572 Mw

Northern states lead the national power demand as heatwave engulfs the region

2 mins

Tweaking the inflation targeting mandate

A key focus for the new govt should be to ensure wider consultation in setting inflation target

4 mins

Deconstructing India's national security system

In recent years, several books have been published on India's national security, but what makes this volume edited by Milan Vaishnav both unique and especially useful, is its comprehensive description and critical analysis of the institutional underpinnings of India's security policy.

3 mins

Infra visions in manifestos

Elections have never been won or lost solely based on voters reading manifestos! But it is a fact that think-tanks and policy cells of various political parties spend considerable time drafting their manifestos and getting them cleared by their political bosses.

4 mins

Iran President Raisi dies in helicopter crash

FOREIGN MINISTER, 6 OTHERS ON BOARD ALSO KILLED | MOKHBER TO BE INTERIM PRESIDENT

4 mins

UK's infected blood scandal: Probe finds 'chilling' cover-up

An inquiry into Britain's decadeslong contaminated blood scandal slammed the UK state and found evidence of a \"chilling\" cover-up, a watershed moment for the country after what's widely seen as the worst treatment disaster in the history of the National Health Service.

2 mins

Ujjivan SFB board to decide universal bank transition timelines in FY25

Ujjivan Small Finance Bank (SFB), which has become eligible for a universal bank status after reporting its FY24 earnings over the weekend, has said its board will consider the timeframe for such a conversion in the current financial year.

2 mins

CCI in process of notifying merger control norms: Kaur

Competition Commission of India (CCI) Chairperson Ravneet Kaur on Monday said the regulatory body was in the process of notifying the new merger control and the deal value threshold.

2 mins

New formal hirings at a 34-month low in March

Share of youth, women slightly increased; net payroll additions down by 7% SHIVA RAJORA New Delhi, 20 May he number of fresh formal jobs created in a month declined to its ☐ lowest level since the second wave of Covid-19 pandemic hit India, signalling a significant downturn in the formal labour market in the country.

2 mins

India's bond index entry not enough to lift rating: Moody's

India's inclusion in a key global bond index will not be enough for Moody's Ratings to upgrade the country from the lowest investment grade as it needs structural reforms to improve its fiscal metrics, according to a credit officer at the ratings firm.

1 min

Govt to conduct 2nd round of consultation for new EV schemes

Clears the air on definition of investment

1 min

Short-term govt bond yield may fall on ₹60K cr T-bill supply cut

Short-term government bond yields are expected to fall on Tuesday after the Reserve Bank of India (RBI) announced a revised issuance calendar for Treasury bills (T-bills), market participants said.

1 min

Our track record in creating jobs better than previous govts: PM

Modi terms Chabahar deal a milestone in promoting connectivity to Afghanistan, Central Asia PRESS TRUST OF INDIA Bhubaneswar, 20 May P rime Minister Narendra Modi said his government's track record in creating job opportunities for youth was best compared to previous governments.

1 min

Of four parties and Amritpal in Punjab's Khadoor Sahib

CUT-THROAT BATTLE - INC Bibi Jagir Kaur, SAD Paramjit Kaur Khalra, A poster on a gurudwara in Jhallur Khera says the village \"wholeheartedly supports Amritpal in the elections\" PEP₹ 2024 PHOTO: SARTHAK CHOUDHURY Kulbir Singh Zira, INC Manjinder CONTENDERS Laljit Singh Bhullar, AAP 30.45 Singh Virsa Singh Valtoha, SAD 43.86 Sidhu, 20.4 AAP ₹PEP is Punjab Ekta Party which merged with the Congress in (in %) 1.3 2021; Source: ECI Amritpal Singh, Independent SARTHAK CHOUDHURY Jallupur Khera/Tarn Taran, 20 May Nearly an hour's drive from Amritsar, Jhallur Khera is a one-of-its-kind village.

4 mins

It's a battle of scions in Allahabad

Along with the neighbouring Phulpur, the constituency that Jawaharlal Nehru represented in the Lok Sabha(LS), Prayagraj's Allahabad seat has also been notable for sending luminaries of India's politics, those who went on to become India's Prime Ministers and chief ministers of Uttar Pradesh to the Lower House.

1 min

Voices of Haryana: Women share their struggle and hope

As Haryana gears up for elections on May 25, issues concerning women, the treatment of wrestlers, and farmer protests weigh heavily on the minds of the voters.

2 mins

Ola's next stop: Scaling up fintech, logistics, etail biz

Firm looks to shore up allied ecosystem to complement ride-hailing services

1 min

Randstad Digital targets GCCs to drive growth in IT business

Randstad Digital, the digital arm of Randstad, is looking to tap into global capability centres (GCCs) in India to drive revenue through its people-centric approach.

2 mins

Wabtec eyes $30 mn rail parts exports

Multinational rail components manufacturer Wabtec Corporation is eyeing a tenfold increase in exports from India in the next three years, a senior executive of the firm said.

1 min

Tyre prices may jump as inputs pinch

Tyre manufacturers Ceat and Apollo Tyres are planning to hike prices in response to the surge in raw material costs in the previous quarter (Q4FY24), driven by an increase in natural rubber prices and the depreciation of the rupee against the US dollar, officials said.

1 min

Tata Digital unveils leaner A-team under CEO Tahilyani

A fter weeks of organisational shakeup, Tata Digital's new chief executive Naveen Tahilyani has come up with a revamped executive team for the Neu super app.

2 mins

RBI, Sebi in talks as ARCS eye MFs' debt

The Reserve Bank of India (RBI) is engaging in discussions with the Securities and Exchange Board of India (Sebi) for allowing mutual funds to sell their debt to asset reconstruction companies (ARCS), the banking regulator has informed debt recast firms.

2 mins

5th phase of polling: J&K's Baramulla beats key urban centres

The Election Commission (EC) on Monday said nearly 58 per cent voter turnout (until 8.30 pm) was recorded on 49 seats that went to the polls in the fifth phase of the Lok Sabha polls, with Baramulla in Jammu and Kashmir headed for its best voter turnout at least since 1984.

2 mins

Sebi offers shield against M&A price disruptions

New framework, part of rumour-verification norms, will be rolled out on June 1

1 min

Govt tells MDH, Everest to take corrective measures

The central government has asked MDH and Everest to take \"corrective measures\", weeks after spices produced by these companies were recalled by Singapore and Hong Kong for allegedly containing pesticide ethylene oxide (EtO) beyond permissible limits.

1 min

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