CATEGORIES

Elon Musk's xAI in talks to raise funding valuing it at $40 billion

New fundraising effort would substantially increase startup's valuation from spring

Mixed festive season as buyers seek discounts, cut spending

Shoppers also spent less money per transaction compared to the previous festive season

Space World group to raise funds for new fibre ventures

Space World group is evaluating various routes to raise funds to channel into new ventures Constl and Ranext that will offer fibre connectivity between data centres and in-building plug-and-play fibre network for internet services providers.

Filmmakers look to de-risk projects, sign OTT deals as box office bombs

According to media reports, actor Aamir Khan has decided to sell his films to OTTs only after theatrical release

Legal influencers' rise sparks fears of misleading advice

Influencers contend their goal is to increase awareness about legal rights in simpler terms

TCI orders cargo ships from China

TCI plans to use the ships to carry cargo along ports spanning the east and west coasts of India

Toyota to get Suzuki's first-ever EV as partnership expands

Japanese automaker Suzuki Motor's Indian unit will supply its first-ever electric vehicle to Toyota Motor, the two companies said in a statement on Wednesday, in a move that marks their first collaboration on green vehicles.

L&T Q2 revenue grows 21%, new orders dip on high base

The infrastructure major eyes domestic recovery in H2, even as its overseas projects thrive

India's tech tango: Ambition, opportunities and challenges

India's growing prominence on the global tech stage is attracting industry heavyweights, though not without challenges.

Dabur adds to hair care folio with Sesa buy

Dabur India Ltd will acquire a 51% stake in hair care company Sesa Care Pvt. Ltd for an enterprise value of ₹315-325 crore.

Big user base lifts Meesho's FY24 revenue; losses shrink

Firm attributed gains to improved efficiencies, leveraging generative AI & machine learning

Top hotels greet uber-rich with villas serving privacy

Radical shifts in hotel industry niches as luxury travel spending heads for $11 bn this year

Country Delight raises ₹200 crore

Direct-to-consumer food essentials startup Country Delight has raised ₹200 crore (about $25 million) in venture debt from Alteria Capital to fund its expansion, capacity building, and brand marketing efforts, the companies said in a statement.

MFs' sugar stock purchases rise over twofold to $86 mn

Higher blending, coupled with the potential moves to increase MSP for sugar and ethanol, fuelled investor interest

Airtel widens Arpu lead over Jio

Bharti Airtel Ltd has done well on one count in the September quarter (Q2FY25), but fell short on another.

Siti lenders to hold ₹143 cr separately

The National Company Law Appellate Tribunal (NCLAT) has ordered Axis Bank Ltd and other creditors of bankrupt Siti Networks, a subsidiary of Essel Group, to keep ₹143 crore in a separate interest-bearing account.

Bharti Telecom sets sights on its biggest rupee bond sale

Bharti Telecom Ltd, owned by billionaire Sunil Bharti Mittal, is planning to raise about ₹8500 crore ($1.01 billion) in the local-currency bond market, according to people familiar with the matter.

Sebi's penalty on research analyst sparks compliance fears

The market regulator's penalty on research analyst Arun N. has left his peers worried as they fear that the requirement of adequate know-your-customer checks would be a compliance challenge.

Sebi seeks shorter NFO window

Sebi proposed reducing the window for the deployment of new fund offer proceeds to 30 days

Govt mulls steps to push strategic foreign investments

The government is considering expanded measures to allow greater flexibility for strategic foreign investors to buy stakes in local companies after offshore investment slumped to a five-year low, three people with knowledge of the matter said.

Onion prices stay high: wagons may be made the norm

The government plans to make railways the standard mode of transporting onions amid sticky retail prices, two people aware of the matter said.

Post-covid, online dispute resolution gets a booster shot

When Presolv360 began operations in 2017, most companies and individuals still preferred to gather in dim court halls to resolve their disputes. Until 2021, this Mumbai-based online dispute resolution platform handled a mere 140 cases.

Health policy in the works... for wildlife

India's wildlife faces numerous threats, from habitat loss and fragmentation to species decline and extinction

Samvat 2081 dawns with hopes, doubts on Street

Mint poll finds market experts split on Sensex reaching 100,000 mark by March

Can't win q-comm via cash: Swiggy's Majety

Customer experience, and not capital, will ultimately drive the fortunes of quick commerce platforms, Swiggy's co-founder and CEO Sriharsha Majety said in an interview, as the company counts down the days to its ₹11,300-crore initial public offering (IPO) on 6 November.

AkzoNobel puts up India unit for sale

Europe's largest paint-maker and owner of the Dulux brand, AkzoNobel NV, plans to exit its India business after seven decades of operations in the country, amid rising competition in the domestic market.

Maruti banks on SUVs, CNG models to beat demand blues

Sport utility vehicles (SUVs) and compressed natural gas (CNG) variants of existing models are driving auto demand in India, including Maruti Suzuki India Ltd.

Fiscal deficit down to ₹4.75 tn, core sector output recovers

The April-Sept 2024 fiscal deficit is lower than the ₹7.02 tn reported in the year-ago period

Air fares in Sep quarter rise, Q3 may be worse

Multiple public holidays have sparked demand for short trips to domestic destinations, said Indiver Rastogi, president & group head of global business travel at Thomas Cook (India) and SOTC Travel. This year, Independence Day, Janmashtami, Onam, Eid and Ganesh Chat-

Yes, the world is hotter than it has been in 2,000 years or so

A scientific study of tree rings confirms global warming is for real