Page 5 - Top Business Headlines

Mahindra Group appoints new chief group officer for public affairs

Abanti Sankaranarayanan will be part of the group executive board, reporting to the CEO

PSA-Sical gets apex court relief in Royalty dispute with VOC Port

Supreme Court orders shipping ministry and Chidambaranar Port Trust to maintain status quo, restrains port authorities from taking any action against the firm

IBBI amends rules, creditors may get power to remove liquidator under IBC

IBBI wants liquidation timeline reduced

CCI clears Air India's acquisition of AirAsia India stake, helping merger

At present, the Tata group owns and operates four airlines - Air India, Air India Express, AirAsia India, and Vistara. Air India and Vistara operate on both domestic and international routes

BlackBuck bounces back from Covid, reimagines its trucking business model

The Tiger Global and Sequoia-backed unicorn plans to deepen its reach from 100,000 villages currently to over 300,000 villages, and scale its existing businesses 3x by 2023

RBI's regulation review authority moots periodic review of existing rules

Also suggests that regulatory instructions should contain a statement of objective underlying the rationale for their issuance, supplemented with FAQs/guidance notes and illustrations

Recovery tracker: Greater power generation and mobility even as cases spike

Vehicle registrations and railway freight numbers came in lower than before

Footwear firm Khadim India celebrates founder's 96th birth anniversary

Khadim at present has expanded to 799 retail outlets and has a network of 575 distributors

Focus on sustainable business model, governance: RBI tells SFBs in meeting

SFBs were advised to continue to evolve in tune with the differentiated banking licence given to them with proportionate growth in their capital base.

Now, life insurers can introduce products without Irdai's prior approval

Currently, all life insurance products and riders require prior approval of the insurance regulator before launch

Centre moots ruling authority to fix direct tax liability, settle disputes

Revenue dept to take up measures to boost tax-to-GDP ratio to 15-20%

Remove price cap and channel bundling restrictions: Broadcasters tell TRAI

Industry lobby responds to regulator's consultation paper on the New Tariff Order (NTO 2.0) in the sector.

Cryptocurrencies don't appear to be true financial innovation: India's CEA

They are a case of 'regulatory arbitrage' and could be risky for the country, says Nageswaran

Crisil launches new benchmark for investment vehicle aimed at the affluent

'Sub category' will help companies and clients in comparing various alternative investment funds.

With melas and pilgrimages back, brands roll out new experiences

Rather than simply putting up hoardings and banners or setting up stalls, companies are going for innovative ways to strike a chord with their target audience in small towns and villages

BoI contests maintainability of Amazon's intervention plea in FRL case

NCLT to hear matter on June 10; asks bank to respond to Amazon's intervention application; lender says will file reply without prejudice

Promoters' loans, rising earnings help Adani cos to slash interest costs

Group plans to list infra SPVs to slash debt

Rajnath-headed DAC clears projects worth Rs 76,390 crore for armed forces

"The focus (will be) on enhancing indigenisation, particularly on indigenising aero-engine material," said the DAC

Sebi clears decks for IPO of 100-year-old lender Tamilnad Mercantile Bank

It's a fresh issue-cum-OFS; Axis Capital, Motilal Oswal Investment Advisors and SBI Capital Markets are book running lead managers

Tata group's Air India takeover worries Singapore's antitrust body

Says move could limit competition on India-Singapore routes