CATEGORIES

‘Ready to export to new EV mkts if there is demand’

All set to debut on Indian bourses, Korean-origin auto major Hyundai Motor India Ltd (HMIL) says its IPO will ensure the company is more “dedicated” to succeed in India. Speaking with Sohini Das and Samie Modak in Mumbai, UNSOO KIM, president, CEO and MD, WANGDO HUR, executive director and CFO, and TARUN GARG, whole time director and COO of HMIL outline their plans. Edited excerpts:

PW is able to develop set of products that are disruptive

DEBORAH QUAZZO, managing director of US-based tech investor GSV Ventures, explains to Aryaman Gupta in an interview in New Delhi on the firm's big-ticket investments in Physics Wallah (PW), and why it has shied away from ploughing funds into the beleaguered edtech firm Byju's. Edited excerpts:

Asset monetisation target for this financial year raised to ₹1.9 trn

The NITI Aayog has increased the asset monetisation target for 2024-25 (FY25) by ₹23,000 crore to ₹1.9 trillion, moving closer to the overall ₹6 trillion target set under the National Monetisation Pipeline (NMP) for a four-year period.

Samsung relocation buzz sends alarm bells ringing

Sri City, a special economic zone in Andhra Pradesh, may be seeing an opportunity next door as a strike at Samsung's Sriperumbudur plant in Tamil Nadu - which is just 75-km away - entered the second month.

RBI holds rate again, shifts stance gear to neutral

Das says inflation-growth balance well-poised; rates may start falling from Dec

Hyundai set for ₹27,856 cr IPO, India's biggest

Indian arm to be valued at ₹1.59 trn

Samsung relocation buzz sends alarm bells ringing

Sri City, a special economic zone in Andhra Pradesh, may be seeing an opportunity next door as a strike at Samsung's Sriperumbudur plant in Tamil Nadu-which is just 75-km away - entered the second month.

Brand Maggi stronger than ever as Nestlé India gears up for new leader

Nothing has presented \"two minutes\" as tastefully as Maggi since its entry into India over four decades ago.

India on top of luxury firms' 'watch' list

Country's appetite for premium watches grows as China sees a downturn

BURNING ISSUE

Minimum support price has been a bone of contention between the farmers in Punjab and the state and Centre

Missing funds went to legitimate purpose, says Byju's founder

The founder of Byju's, a once high-flying Indian education company that defaulted on its US debts, denied that he orchestrated a scheme to fraudulently transfer $533 million away from lenders.

Fortified rice supply, border roads get ₹21K cr Cabinet push

2,280 km roads to be builtin Rajasthan, Punjab borderareas

More upside in Zomato's stock, but competition also rising

The filing of Swiggy's DRHP has led to direct comparisons with Zomato, which is a direct competitor in food delivery and the fast-growing quick-commerce segment where Blinkit (owned by Zomato) faces off against Instamart (and Zepto). In Q-commerce, Flipkart, Amazon, Reliance and Big Basket are all entering the space. All of them have deep pockets, hence competitive intensity will rise going forward.

India set to join FTSE Russell bond index next year

South Korean bonds to be added to FTSE World Government Bond Index

Mkts erase gains amid sustained FPI selling

India's benchmark indices made positive strides for the second consecutive session on Wednesday, but sustained selling by overseas investors saw them erase their gains.

‘Anxiety as a symptom of anxiety’

Today, as we become our own diagnosticians, a quick Google search is handy but not always warranted. Inevitably, one question leads to an obsessive two hour-long spiral down the rabbit hole that is the internet, whether or not the issue deserves such immediacy. This behaviour is not new, as Caroline Crampton points out in her second book, A Body Made of Glass, although it has been on the rise.

Nomura sees robust growth ahead for domestic AMCS

Forecasts industry AUM to grow at 18% CAGR between FY24 and FY30

The making of AI

Physics Nobel has created a controversy

Unambiguous commitment

MPC wants the disinflation process to be completed

Strategy for GST reforms: Direction and speed

The argument that the tax system has settled and therefore no longer needs reforms is fallacious

Toxic work culture is upwardly mobile

A sewer is the world's least desired workplace. Yet blocked sewers and septic tanks make up the daily place of work for over 700,000 Indians known as manual scavengers, a profession that is officially supposed to be banned in India.

Airbus says deliveries fell 9% in September

Airbus deliveries fell 9 per cent in September to 50 aircraft, compared with the same month last year, the European planemaker said on Wednesday.

Amazon targets faster deliveries with new tech

Amazon, in its quest for greater efficiency, has developed new systems to shave seconds off each package delivery and to help customers make faster buying choices, even for new product types that they may know little about.

Boeing revokes pay offer as strike drags on

Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.

Google faces breakup in historic antitrust case

Firm says it would have significant consequences for consumers, businesses

Soon, pay up to ₹1K without entering PIN on UPI Lite

The Reserve Bank of India (RBI) on Wednesday enhanced transaction limits for UPI123Pay and UPI Lite to encourage wider adoption of these UPI products.

BUYERS' BET: Consumer confidence improves in RBI's September survey

Consumer confidence improved in the September 2024 Survey round compared to the previous round in July due to better perceptions about the general economic, employment, and income conditions, according to the Reserve Bank of India's (RBI) forward looking survey.

Hopes dashed but prudent approach, say realtors

Even as the realtors' hopes for a repo rate cut ahead of the festive season were dashed after the Reserve Bank of India (RBI) kept it unchanged at 6.5 per cent for the 10th consecutive time on Wednesday, real estate industry experts say that the decision represents a \"prudent approach\" expected to boost stability in the sector.

Micro, small enterprises not to face pre-pay fines

The Reserve Bank of India (RBI) on Wednesday said that banks and non-banking financial companies cannot levy foreclosure charges or pre-payment penalties on floating rate term loans sanctioned to Micro and Small Enterprises (MSEs).

Govt may still miss the ₹6 trn NMP target

The railways, power, and petroleum and natural gas assets are targeted to raise nearly ₹46,000 crore cumulatively.