CATEGORIES

Calculation error likely in India gold import data

A surge in gold imports that widened India's trade deficit to a record last month and pushed the rupee to an all-time low was due to an error in calculation, according to people with knowledge of the matter.

Nissan, Honda may gain in India from potential merger

Merger could align the cos' moves to collaborate in electrification and software development

Diversity hiring from campuses rises

Companies in India are increasing diversity hiring for roles ranging from software development to mechanical engineering as they try to come across to investors and the public as forward-thinking entities with good corporate governance norms.

ABB buys Siemens Gamesa's power unit

Siemens Gamesa said on Wednesday that it is selling its power electronics arm to ABB, including its Indian assets for an undisclosed sum.

Alphabet's stock mojo is back with help from quantum tech

Alphabet Inc. is ending 2024 on a high, with a quantum computing breakthrough spurring a late-year stock rally—despite having no near-term commercial potential.

RBI dials down on NDFs to fight dollar

The central bank has started to rein in its ballooning non-deliverable forwards (NDFs) book, according to people familiar with the matter, shifting away from one of its key tools to push back against the strong dollar.

Dalmia Bharat on tough terrain as sectoral woes hurt

As the cement sector struggles with muted prices, some firms may feel more heat than others.

IDFC needs many stars to align

Cost pinch IDFC First Bank's elevated cost-to-income ratio and credit costs put pressure on its profit

Shriram Fin raises $1.28 bn in record offshore loan

The loan adds to this year's rush of offshore debt sales by Indian shadow lenders after RBI tightened rules

Rupee hits new low of 84.95 on merchant dollar bids

The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said.

Welspun One plans to raise ₹4,000 cr

Logistics and industrial real estate manager and developer Welspun One on Wednesday said it plans to raise ₹4,000 crore to double its portfolio size to 32 million sq. ft by 2028 from the current 16 million sq. ft.

Sorenson, others put in $30 mn into Bureau

Bureau, a business-to-business (B2B) focused identity verification and fraud protection platform, has raised $30 million in Series B funding led by American venture capital firm Sorenson Capital, a top executive told VCCircle on Tuesday.

GIC picks majority stake in Asia Healthcare

GIC will invest an additional $150 million in Asia Healthcare Holdings ahead of a potential initial public offering

GSV Ventures looks to invest in Indian edtech firms in 2025

The company had invested about $90 million in over 10 Indian startups till February 2023

GDP growth to accelerate to 6.6% in FY26: India Ratings

India Ratings and Research on Wednesday said that the country's economic growth is likely to accelerate to 6.6% in the financial year starting 1 April, from 6.4% it has projected for FY25.

Bomb threats: Govt amends aircraft security rules

Against the backdrop of the recent spate of hoax bomb calls targeting airlines, the government has amended the aircraft security rules whereby perpetrators can face penalties and could even be barred from flying.

Tax relief for cos: SC says small coconut oil packs are edible oil

The Supreme Court (SC) on Wednesday ruled that coconut oil in small bottles of up to 200ml should be classified as edible oil for taxation purposes, resolving a 15-year-long legal dispute between the excise department and manufacturers.

Karnataka's planned mineral tax stumps iron ore miners

NMDC, Vedanta, Sandur—largest operators of pre-auction-era mines in state—to face brunt

Agri loan limit hike may ease bank stress

The Reserve Bank of India's (RBI) recent decision to raise the limit on collateral-free agriculture loans was likely taken to ease the stress being faced by banks in their farm loan portfolios over the past two quarters, and to nudge them to get their books in order.