CATEGORIES

MVA allies to fight on 85 seats each

After days of stalemate, Maha Vikas Aghadi of Congress, NCP (SP), and Shiv Sena (UBT) on Wednesday announced they would contest 85 seats each in Maharashtra Assembly elections.

Goldman cuts Indian equities to neutral on slowing growth

Analysts are becoming more divided on the outlook for India's stock market after an 11-month winning streak.

Hyundai Motor shares rebound over 4%

PICKING UP Hyundai Motor India Share price in ₹

Sebi plans options to future switch for single stocks

Move, akin to commodities futures, to ease risk around physical settlement

Sensex, Nifty end in red

Extending its losing streak to third day, benchmark Sensex declined by 138 points on Wednesday in a choppy trade as investors booked profits in auto, pharma and capital goods shares amid continued FPI outflows.

Growth trajectory to aid higher valuations for Persistent Systems

Midcap IT major Persistent Systems (PSYS) delivered a strong Q2FY25 performance which led to an 11 per cent uptick in its stock price on Wednesday. The company reported a 17 per cent growth in H1FY25 Annual Contract Value (ACV) and a 27 per cent growth in new ACV. There was margin consistency despite wage increases.

Small, midcap rally may lose steam

After a strong run in the midcap and smallcap indices, which surged 46 per cent and 43 per cent, respectively, on the National Stock Exchange (NSE) during Samvat 2080, analysts suggest that the rally in these segments may pause to catch its breath in Samvat 2081.

Decreased leverage: Debt/equity for listed SMEs at lowest in yrs

Part-II of the series examines the improving balance sheets of SME-listed companies and their relatively conservative approach to debt after Covid-19

When religion meets nationalism

BOOK REVIEW

Endless possibilities

Microsoft Excel continues to add value

Reaffirm trade

Doubts have been expressed over the past several years about the wisdom of signing free-trade agreements (FTAs).

Arm Holdings to scrap Qualcomm chip design licence

Arm Holdings Plc is cancelling a licence that allowed longtime partner Qualcomm Inc to use Arm intellectual property to design chips, escalating a legal dispute over vital smartphone technology.

Four killed in terror attack at Turkish defence company

Four people were killed and 14 others wounded in an attack at the Turkish Aerospace Industries' headquarters on Wednesday, the government said, and witnesses said they heard gunfire and a loud explosion at the site near Ankara.

Apple CEO Cook vows to invest more in China

Apple Inc's Chief Executive Officer Tim Cook (pictured) promised to keep investing in China during a meeting with Beijing's top technology official, underscoring the country's vital role in the iPhone maker's global operations.

McDonald's burgers linked to E coli outbreak

A severe E coli outbreak tied to McDonald's Quarter Pounders sickened dozens of people in the US, mainly in Colorado and Nebraska, and killed one, the US Centers for Disease Control and Prevention said.

4,300 tonnes of space junk and rising: Satellite breakup adds to woes

A large communications satellite has broken up in orbit, affecting users in Europe, Central Africa, West Asia, Asia, and Australia, and adding to the growing swarm of space junk clouding our planet's neighbourhood.

Boeing losses swell to $6bn; CEO pushes for turnaround

Ortberg calls for 'fundamental culture change' as crippling strike continues

Disputes shouldn't affect peace at border: PM to Xi

As part of their first bilateral meeting in nearly five years, Prime Minister Narendra Modi and Chinese President Xi Jinping on Wednesday directed officials to take forward talks on resolving the ongoing border dispute in Ladakh.

THAW IN TIES: HOW BILATERAL TRADE FARED IN LAST DECADE

Prime Minister Narendra Modi and Chinese President Xi Jinping held bilateral talks on Wednesday, the first formal meeting in half a decade. The trade and investment relation between the two countries has continued to remain robust despite the ups and downs in the bilateral ties.

SC pulls up Centre over stubble burning

The Supreme Court on Wednesday pulled up the Centre for making the environment protection law \"toothless\", and said the provision under the Commission for Air Quality Management in National Capital Region and Adjoining Areas (CAQM) Act of 2021, which deals with penalty for stubble burning, was not being implemented.

UP linking startups with big industries to boost economy

Move aimed at making the state a trillion-dollar economy in 4-5 years, says panel

'Employment, women safety UP's growth mantra'

The Uttar Pradesh (UP) government's mantra for growth is that every person should get employment, and every woman should have a safe work environment, said Awanish Kumar Awasthi, advisor to UP Chief Minister Yogi Adityanath.

Bajaj Finserv Q2 profit rises 8% to ₹2,087 crore

Bajaj Finserv on Wednesday reported an 8 percent year-on-year (Y-o-Y) increase in its consolidated net profit at ₹2,087 crore for the second quarter of the financial year 2024-25 (Q2FY25). It made a net profit of ₹1,929 crore in Q2FY24.

SBI raises ₹5,000 cr via AT-1 bonds

Country's largest lender State Bank of India (SBI) raised ₹5,000 crore on Wednesday through the issuance of Additional Tier-I (AT-1) bonds at a coupon rate of 7.98 per cent to bolster its capital base, marking the bank's first such issuance in the current financial year.

DFS secy: MFIs must refrain from reckless lending

Microfinance institutions (MFIs) have played a crucial role in fostering financial inclusion but they should refrain from any reckless lending, Financial Services Secretary M Nagaraju said.

Growth needs to be supported by cheaper credit

Nagesh Kumar, one of the three newly appointed external members of the Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC), said on Wednesday that interest rates should be reduced to make loans cheaper to support growth, which has been sluggish.

Major port cargo rose 6% in September

Major ports, owned by the central government, registered a 6 per cent growth in cargo in September at 65 million tonnes (mt), primarily driven by crude oil cargo shipments and an increase in miscellaneous commodities.

Can't accept FDI blindly, need safeguards: FM

India will place restrictions on foreign direct investment (FDI) in the national interest to ensure safeguards because of its location in a highly sensitive neighbourhood, Finance Minister Nirmala Sitharaman said during an interactive session at the Wharton Business School in the US on Tuesday.

GMR Group secures ₹6.3K cr investment from ADIA arm

Hopes for significant reduction in pledged shares after completion of debt deal

Dalmia to set up cement unit in MP

Dalmia Cement will set up a new cement plant, with a capacity of 4 million tonnes, in Madhya Pradesh at a cost of ₹3,000 crore, making it the first unit in the country to run on 100 per cent renewable energy.