CATEGORIES

Kotak Mahindra Bank to buy ₹4.1K cr India personal loan book of StanC

Leading private sector lender Kotak Mahindra Bank Limited (KMBL) has entered into an agreement to acquire the ₹4,100 crore India personal loan portfolio of British banking major Standard Chartered Bank. The deal, for which the financial terms remain undisclosed, is subject to regulatory approval and is expected to close within three months, according to KMBL.

I-bankers earn record ₹493 crore from Hyundai IPO

Fees from handling equity share sales hit ₹3K cr in 2024

Rlys goes back to 60-day advance booking window

Reverses 2015 order on 120-day advance booking for operational efficiency

IN A HEART BIT

How the India-UAE Bilateral Investment Treaty could quickly reboot investment pacts

Mitigate accounting, disclosure, governance risks with ESG funds

Environmental, Social and Governance (ESG) investing has gained significant traction as sustainable investing practices take centre stage.

Bajaj Auto slips 13% on weak festive demand

Near-term demand, margin woes weigh on company

China's stimulus measures fire up global investors

The recent stimulus measures announced by China have seen most analysts sit up and take notice.

‘50-bp cut in interest rate likely by March 2025’

Positive macros – lower inflation, high forex reserves, and favourable demand-supply dynamics for government bonds - make a strong case for rate cuts from December, says DEVANG SHAH, head of fixed income, Axis Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply. Edited excerpts:

Margin pressure clouds L&T Technology's near-term outlook

The Street wasn't upbeat with the second quarter results of L&T Technology Services (LTTS) and its shares dropped 3 per cent on Thursday. It reported an almost flat 3 per cent rise in consolidated net profit year-on-year (Y-o-Y).

Spl trading session for holdcos on Oct 28

Stock exchanges will conduct a special call auction for select investment holding companies (holdcos) on October 28 following the new framework introduced by the Securities and Exchange Board of India (Sebi) for price discovery.

FPI selling pulls indices down for third consecutive day

At ₹71,441 cr, outflows worst ever for a calendar month

HDFC Securities forays into wealth advisory business

HDFC Securities, the stock broking and research arm of HDFC Bank, on Thursday announced its entry in the wealth advisory space with the launch of HDFC Tru, targeting the burgeoning family offices and wealthy investors.

When the personal becomes political

On the morning of February 27, 2002, a few coaches of Sabarmati Express catch fire in Godhra, Gujarat, killing the people trapped inside, a majority of whom are pilgrims and kar sevaks on their way back to Ahmedabad from Ayodhya. The cause of the fire is still disputed, but the horrifying incident sparks rampant violence against the Muslim community, members of which were accused of being responsible for the incident. For the next few days all over Gujarat, reprisals rage, aided and abetted by the state and its various agents, from ruling politicians and the police to organisations such as the Vishva Hindu Parishad and local gangsters. Ahmedabad sees recurring brutal outbreaks for three months and such incidents occur with regularity across the state for a year. These riots are commonly known as the 2002 Gujarat riots but Zara Chowdhary prefers the term \"pogrom\", citing the disproportionate level of death and mayhem amongst the minority Muslim population. Her incredible memoir, The Lucky Ones, is a chronicling of this debilitating period and centres on her family and their ties to each other as well as the land.

A new beginning

SCO meeting can help improve Indo-Pak relations

Strike over

Environment for early end to labour disputes must be created

The case for exchange rate volatility

While some people view exchange rate fluctuation as detrimental to the economy, it is, in fact, a crucial element of economic flexibility

India should join World Bank's dispute centre

The International Centre for Settlement of Investment Disputes (ICSID) is a World Bank Group institution set up in 1996, with a specific mandate to resolve disputes that arise between foreign investors and the countries in which they invest.

McKinsey cuts hundreds of jobs in China business

US-based consulting firm McKinsey is revamping its China business after reducing its government-linked clients and cutting about 500 jobs, which is around a third of its China workforce, the Wall Street Journal reported.

Harris vows break from Biden in TV interview

US Vice-President Kamala Harris (pictured) on Wednesday said she represented the next generation of leadership and her presidency would be different from that of her boss President Joe Biden and Republican rival Donald Trump.

Musk's empire risks getting into EU cross hairs for potential X fines

The European Union (EU) has warned X that it may calculate fines against the social-media platform by including revenue from Elon Musk's (pictured) other businesses, including Space Exploration Technologies Corp and Neuralink, an approach that would significantly increase the potential penalties for violating content moderation rules.

ECB cuts rates for third time to prop up economy

The European Central Bank (ECB) lowered interest rates for the third time this year as a hastier retreat in inflation allows it to offer support to the region's stuttering economy.

Hamas chief likely killed, says Israel

Israel said an operation in Gaza may have killed Hamas leader Yahya Sinwar, part of a renewed assault against the militant group after more than a year of war in the Palestinian territory.

Meta fires staffers for using meal vouchers to buy glasses, detergents

Meta has fired two dozen staff in Los Angeles for allegedly using their daily $25 (about ₹2,100) meal credits to instead buy household items including acne pads, wine glasses and laundry detergent, the Financial Times reported. These terminations are separate from the team restructurings and took place last week, the FT report said.

Hungry for energy, Amazon, Google turn to N-power

Technology companies are increasingly looking to nuclear power plants to provide the emissions-free electricity needed to run artificial intelligence (AI) and other businesses.

Bangladesh tribunal issues arrest warrant against former PM Hasina

Authorities told to produce her before ICT by Nov 18 for 'crimes against humanity'

5G for all: MediaTek dials in on affordable phones

Fabless Taiwanese chipmaker MediaTek aims to lower the prices of 5G mobile devices powered by its chipsets to the ₹6,000-7,000 range, making it easier for subscribers to switch to 5G.

Half of India to have 5G by 2030, projects GSMA

India will see an unprecedented growth in the number of 5G mobile subscribers, and an explosion of data usage in the next six years, according to GSMA Intelligence projections. GSMA Intelligence is a market intelligence service that provides data, analysis, and forecasts for mobile and communications industries.

Qualcomm places production chips on India bet

Qualcomm Inc, the company designing fabless chips, is hoping to source some of the products it works on from India in the next two years as semiconductor plants here become operational.

6G may usher in merged reality, bring in senses in digital communication

Industry standards for 6G are yet to be written, but it may extend beyond audio and visual communication, says MAGNUS EWERBRING, chief technology officer for Asia-Pacific at Ericsson, in an interview with Subhayan Chakraborty. He explains that the standalone architecture (SA) of 5G unleashes its full potential by enabling network slicing, which operators are increasingly embracing as Ericsson begins rolling out updates for 5G Advanced. Edited excerpts:

After 37-day strike, bonhomie in sight at TN Samsung plant

Employees were told to return to work from Monday onwards