CATEGORIES

How Should I Accumulate ₹1 Cr In Six Years To Fund My Home?

Your plan to step up the SIPS every year to build a downpayment corpus is good as you would have been able to reach around 44-48 lakh with the present monthly investment in six years if we assume an annual return of 10% and 12%.

India's DPI can help build a tech ecosystem that the world trusts

Its design mitigates risks from a tech cold war and enables democracies to harness the gains of technological advancement

Statistical clarity feeds successful governance

India's statistical system is under the PMO's lens. Given recent data dissonance, it evidently needs a relook. The country's view of itself is too hazy in these digital times of sharp resolution

Inflation dampens middle class spirits

Indian consumers at the lower end of the market are cutting back on branded liquor, said executives at United Spirits Limited (USL), the country's largest liquor maker, as middle-income households struggle with high inflation.

DGCA imposes 1.1 cr penalty on Air India

The Directorate General of Civil Aviation (DGCA) has imposed a penalty of ₹1.1 crore on the Tata Group-owned Air India for safety violations on certain flights.

Firms can list on GIFT City's int'l exchanges

Sunrise, tech sector startups gain a new avenue to access global capital

Bajaj, TVS vroom to record profits in Q3

Bajaj Auto and TVS Motor Company achieved record-high revenues, profits and operating margins in the quarter ended 31 December, buoyed by robust festive purchases and a revival in rural demand, financial statements filed by the two-wheeler makers with the exchanges showed on Wednesday.

Non-bank lending startup Ecofy raises $10.8 million

Climate-focused non-banking financial company (NBFC) Ecofy, promoted by climate impact fund Eversource Capital, has raised $10.8 million (190 crore) in an investment round from Dutch development bank FMO.

Nodwin Gaming to acquire Comic Con India for 55 cr

Nazara Technologies-owned gaming company Nodwin Gaming said on Wednesday that it's acquiring Comic Con India, which hosts popular cultural festivals, for 55 crore.

Vivifi raises $75 mn in series B

Vivifi India Finance Pvt.Ltd has raised $75 million in a series B funding round from a US-based strategic investor in a mix of equity and debt, the Hyderabad-based non-banking financial company said on Wednesday.

Good Glamm's Gill set to exit

She will join early-stage VC firm Kalaari Capital and lead its CXXO initiative that invests in women-led ventures

Bollywood social dramas lose traction

Hindi language comedies and dramas with relevant social messaging, which were a huge draw before the covid-19 outbreak, have lost steam at the box office post the pandemic. At that time, films such as Dangal, Bajrangi Bhaijaan and Badhaai Ho had set the cash registers ringing.

Sony India to continue exploring M&AS: CEO N.P. Singh

N.P. Singh, managing director and chief executive of Sony Pictures Networks India (now Culver Max Entertainment Pvt.Ltd), has sought to assure employees that the company has long-term plans for expansion in the country despite ending merger talks with Zee Entertainment Enterprises Ltd.

Zee gears up for legal battle against Sony

The company seeks NCLT's directions to implement the mega-merger

Tata Steel posts profit in Q3 even as Europe ops bleed

China's exports hit global steel prices as well as profitability, Tata Steel CEO Narendran says

Tech Mahindra misses Q3 profit view

Tech Mahindra posted a 60.6% drop in third-quarter net profit on Wednesday, missing estimates as clients continued to hold back spending in communications and banking segments.

Azim Premji gifts Wipro stock worth 500 crore to sons

Wipro Ltd's founder chair Azim Premji has given a little over 10 million shares, worth about 500 crore, as gift to his two sons, Rishad and Tariq, according to data from the stock exchanges.

Axis Bank's credit, NIM view tight

Axis Bank's December quarter (Q3FY24) results have more or less met analysts' expectations. But its A muted outlook on loan and deposit growth in tandem with rising costs pushed the stock down by around 3% on Wednesday.

Cracks emerge in Oberoi Realty's pre-sales momentum

Oberoi Realty Ltd's shares have plummeted as much as 13% in the past two trading sessions.

Market bonanza: Sensex, Nifty rally 1% amid metal, tech surge

Equity benchmark indices Sensex and Nifty rebounded sharply by 1% on Wednesday after sliding for the past two sessions, propelled by bargain hunting in metal, commodity and telecom stocks.

HPV jab averts cervical cancer

A single-dose human papillomavirus vaccination (HPV), especially given to adolescent girls in the age group of 10-14 years, can help prevent cervical cancer, says a new study published in the journal Human Vaccines and Immunotherapeutics.

€8,500 crore VGF for coal gasification gets govt nod

Investment by Coal India Ltd for setting up coal gasification JV also got approved by CCEA

Cut deficit to 5.4% in FY25: Ind body to govt

The government should stick to its fiscal deficit target of 5.9% in the current financial year and aim to narrow this to around 5.4% in FY25, a goal that would require boosting revenue receipts and rationalizing spending, industry lobby Confederation of Indian Industry (CII) said.

FPIs get a breather on disclosure rules

Exemption for some FPIs, investments in widely owned firms

MNCs tapped for GCCs in GIFT City

The central government is keen to have foreign banks and multinational companies (MNCs) in India set up global capability centres (GCCS) at the GIFT City in Gujarat, counting on their ability to generate jobs, three people aware of the matter said.

India's FTA talks with UK, EU may skip carbon tariff

India's free trade talks with the UK and European Union (EU) may skip the vexed carbon tax matter in an attempt to fast-track the trade deals, three people aware of the matter said.

China's Desperate Realty Developers Turn To Bizarre Marketing Tactics

The country's real-estate slump is getting worse and looks set to drag on for years

Direct Tax-GDP Ratio Hits Record High In FY23

Direct tax revenue as a share of gross domestic product (GDP) touched a record 6.1% in FY23 amid a strong growth in mop-ups and an increase in the number of taxpayers, the Central Board of Direct Taxes (CBDT) said on Tuesday.

'New GST rate has sent sector back by months'

The gaming industry had an eventful 2023. First, the ministry of electronics and Information Technology (MeitY) emerged as its nodal ministry, offering a clear, designated channel for industry interaction. Then came a big setback with the sharp increase in GST rate.

Houthis Vow To Hit Back At Joint US, UK Strikes

US-UK statement says latest raids hit eight Houthis targets; Houthis list 18