In this issue

May 07, 2024

KKR acquires Healthium Medtech for 7,000 cr

Global investment firm KKR on Monday announced acquiring Bengaluru-based medical devices company Healthium Medtech from an affiliate of funds advised by private equity firm Apax Partners.

1 min

Sebi no to market hour extension proposal: NSE

Stock brokers not on the same page over costs, tech needs

2 mins

FSIB meet on May 21-22 to select SBI's next chief

The Financial Services Institutions Bureau (FSIB) is likely to meet on May 21-22 to recommend a candidate for the post of chairman of State Bank of India (SBI), said a person familiar with the matter.

1 min

Top 3 IT majors train over 775,000 in GenAI skills

The top three Indian IT firmsTata Consultancy Services (TCS), Infosys and Wipro - collectively trained over 775,000 employees in generative AI (GenAI) capability by the end of 2023-24, according to an analysis of GenAI-trained workforce of leading companies in India in this sector.

2 mins

'There is no impact of elections on the market'

At a time when the industry is expecting an election impact on commercial vehicle (CV) sales, SHENU AGARWAL, managing director (MD) and chief executive officer (CEO), Ashok Leyland, believes that the segment may do well during the first half of this financial year.

2 mins

GCPL posts ₹1,893 cr loss in March quarter

FMCG major Godrej Consumer Products on Monday reported a consolidated loss of 1,893.21 crore in the fourth quarter ended March 31, 2024, impacted by exceptional items related to impairment of brand and goodwill, and loss on sale of business in Africa.

1 min

'Hope ICAI takes inputs from all for network rules'

\"THREE SECTORS WHICH STAND OUT BASED ON CURRENT TRACTION ARE TECHNOLOGY, HEALTHCARE AND RETAIL & CONSUMER JJ PwC India is committed to fully engaging with relevant professional bodies and regulators, says chairperson SANJEEV KRISHAN in an interview with Raghav Aggarwal in New Delhi.

2 mins

Adani in talks with lenders to raise $600 mn offshore loan

Gautam Adani's conglomerate is seeking an offshore loan of about $600 million to refinance existing debt, according to people familiar with the matter.

1 min

Car dealers may have to pay 18% GST on sale of test cars

Car dealers will have to shell out an 18 per cent goods and services tax (GST) on the reimbursement of losses on sale of demonstration cars from car companies if the West Bengal ruling in a case related to a Mercedes Benz India (MBI) dealer sets a precedent.

1 min

Analysts wary of Vi's falling subscribers, broadband users

'Recent fundraise could have a bearing on subscriber additions'

2 mins

Naresh Goyal gets interim bail on medical grounds

The Bombay High Court on Monday granted interim bail for two months on medical grounds to Jet Airways Founder Naresh Goyal, who has been arrested by the Enforcement Directorate (ED) in a money laundering case.

1 min

EAR TO THE GROUND - In Mainpuri, a grilling test of Mulayam's legacy

A 2000-bed hospital and medical university, theme parks, shopping complexes, large educational institutes, and even an airstrip: Saifai appears to be a vibrant city in a village-like setting.

3 mins

Key seats, battle of prestige in Phase-III vote today

BJP logged strong performance in these seats in last election; PM likely to cast vote at Ahmedabad 75 delegates from 23 countries invited to see poll process Source: ECI ARCHIS MOHAN New Delhi, 6 May From Union Home Minister Amit Shah looking to win Gandhinagar with a bigger margin to Aviation Minister Jyotiraditya Scindia gunning to reclaim his Guna bastion, the seats going to polls on Tuesday will see many interesting fights.

2 mins

Services PMI eases to 60.8 in Apr, shows HSBC survey

But services sees buoyant domestic demand, new global biz gains

2 mins

Rail freight up 1.4%; coal cargo falls 8% on cooler April in north, west India

Indian Railways in April rang up a tepid 1.45 per cent growth rate in its freight volumes, dragged down by weak numbers in coal transportation.

1 min

CBDC pilot programmes for CPs, CDs likely: RBI governor

Das says permanent deletion of transactions can make e-rupee anonymous

2 mins

Israel strikes Rafah city after evacuation order

Hamas says any operation in Rafah will not be 'picnic' for Israeli forces

1 min

At $2 mn/min, US Treasuries mint cash like never before

For the first time in nearly a generation, fixed income is living up to its name.

2 mins

Macron, EU chief press Xion trade in Paris talks

China working vigorously’ to facilitate Ukraine peace talks, says Xi

1 min

Tensions rise in Silicon Valley over sales of startup stocks

The market for shares of startups like SpaceX and Stripe is projected to reach a record $64 bn this year

3 mins

The absence of a quality mindset

\"It took several years of bad publicity - ranging from non-standard quality (NSQ) drugs and counterfeit medicines being sold freely in the domestic market to pharmaceuticals exported by Indian firms resulting in hundreds of deaths across multiple countries—before the Indian drug regulator decided to act.

3 mins

A tough time for portfolio managers

Markets are going through a major shift in style and leadership, akin to the 2003-08 bull run

5 mins

Prioritise trade New markets and harmonised regulations necessary

The Reserve Bank of India (RBI) has released the data for services exports over the course of 2023-24, and there are lessons that the next government should draw for its trade policy.

2 mins

A turbulent political life

IN fthere is a state in India where politics is both complex and -perplexing, it is Odisha.

4 mins

Govt to go all out on solar to meet power demand

The Rajasthangovernment is looking to increase dependence on solar energy from the current 12-14 per cent to over 40 per cent of consumption by 2030 to bridge the power gap.

1 min

BJD obstructed Centre's schemes in Odisha: PM

Prime Minister (PM) Narendra Modi on Monday said the people of Odisha would in June gett their first Bharatiya Janata Party (BJP) chief minister (CM) who speaks Odia and understands the state's culture, in an apparent dig at Biju Janata Dal (BJD) chief and CM Naveen Patnaik.

1 min

₹45K cr boost on cards for cargo

UTTAR PRADESH VIRENDRA SINGH RAWAT Lucknow,6 May The Uttar Pradesh (UP) government has earmarked nearly 45,000 crore for investments in highways and tertiary roads in the current financial year 2024-25 (FY25).

1 min

Marine heat causes record-high coral bleaching in Lakshadweep

Extreme heat on the Indian coast and marine heatwave have caused record-high bleaching events, impacting the coral reefs in the Lakshadweep Sea.

1 min

Every rupee invested in agri research yields ₹13.85: Study

A s investment in agriculture research decelerated between 2011 and 2022, a recent working paper has revealed that every rupee invested in agricultural research yields a return of nearly 13.85, surpassing returns from all other activities linked to farming.

2 mins

FPI shareholding in NSE firms at lowest in 11 yrs

Gap between the shareholding of FPls, DIls narrows to a new low of 163 bps

2 mins

RBI loan norms singe PSU banks, infra financiers

Under proposed rules, lenders will have to allocate up to 5% for under-construction infra project financing

2 mins

Proving mettle: Nifty metal index up 40% in 6 months

Stock run-up mainly driven by tighter supplies in the global markets

3 mins

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