CATEGORIES

Captain Fresh raises $20 mn

Captain Fresh, a B2B fish and seafood company, has raised $20 million (around 166 crore) in an extended Series C funding round co-led by SBI Investment and Evolvence Capital.

Unicorn India Ventures marks 1st close of third fund at ₹225 cr

Unicorn India Ventures on Tuesday said it has marked the first close of its third venture capital fund at ₹225 crore (around $27.2 million).

Analysts advise caution as small and midcap stocks sparkle

High networth investor (HNI) and retail inflows into midcap and small cap stocks have helped these constituents steal the thunder from large-caps in the latest market rally from March to date.

Liquid staking: The boom side of crypto

One corner of crypto has shaken off a prolonged digital-asset slump to come within touching distance of an all-time high.

Global steel demand needs revival for domestic prices to rise

Shares of key Indian steel companies such as Tata Steel Ltd, Jindal Steel & Power Ltd, and Steel Authority of India Ltd have scaled new 52-week highs in September, rising by 5-15% in the past one week.

Watch for cracks In services PMI

India’s services sector is on a strong footing even as the momentum cooled off last month, albeit slightly.

Services PMI slows in August

India’s services sector growth slowed down in August after registering a 13-year high in July, a private survey said, still recording one of the best sales performances over the same period at a time of elevated inflationary pressures.

'India is rapidly rising up the priority list for Canadian companies'

India has all the potential that China had a decade ago, former Canadian foreign and defence Minister Perrin Beatty said.

E-way bills hit record 93.4 mn in Aug, signalling festive boost

Electronic permits for goods shipped within and across states shot up to an all-time high of 93.4 million in August, pointing to brisk economic activity which could boost Goods and Service Tax (GST) revenue collections in September.

Global cooperation needed to counter cyber threats: FM

India can lead in making financial ecosystem inclusive, resilient and sustainable: Sitharaman

Share purchases by foreign-owned firms under RBI scanner

Several foreign-owned or controlled companies (FOCCs) are under the Reserve Bank of India’s (RBI) scrutiny for alleged violation of foreign exchange rules, two people privy to the development said.

6 of 8 funds used to invest in Adani shut

Early move would have helped Sebi’s stock-manipulation probe

Al-Driven Diets And The Future Of Our Food Habits

Imagine this scenario for me. You finish a sweaty cardio session at your local gym, and after hitting the showers, you swing by the gym’s smoothie bar for the perfect recovery smoothie made just for you.

Mercedes Benz's First OS To Come Out Of Bengaluru: CTO

India is a key part of Mercedes Benz’s research & development (R&D) network, contributing to not only software development but also to electronics and hardware, said Markus Schäfer, chief technology officer of the German luxury carmaker.

Indian economic prospects may require a more realistic analysis

India's economy is growing fast but the country stares at a welter of worries that'll weigh against Panglossian projections

In-person teaching has value if it's led by values

The bigotry of teachers in recent news has revived a debate over in-person classes versus online modules. As education goes hybrid, expect the premium on human values to go up

How are gains from farm land sale taxed?

I am a 30-year-old software engineer working in Kochi and have recently received ₹10 lakh from the sale of a share of agricultural property.

INSIDE THE PLAYBOOK OF A NEW SHRIRAM

Nine months ago, Shriram Finance Ltd was born. Shriram Capital, Shriram Transport Finance Company and Shriram City Union Finance merged, creating one of the largest domestic non-bank financiers. Today, it is the No. 2 in the pecking order of such financiers, behind Bajaj Finance, when it comes to assets under management. While Shriram Finance has bulked up since the merger, it is not gunning for the top slot. Not yet.

Xi to skip G20 summit in India, Premier Li to lead delegation

The 9-10 September summit had been seen as a venue for a possible meeting between Xi and Biden

Demand for ₹2-3 tn sparked RBI-govt clash, says Acharya

The Reserve Bank of India refused the government’s proposal to extract ₹2-3 trillion from its balance sheet in 2018 for pre-election expenditure ahead of Lok Sabha polls in the following year, former RBI deputy governor Viral Acharya said in a new prelude to his book, Quest for Restoring Financial Stability in India published by Penguin Random House India.

Gaming self-regulation yet to kick off as consensus eludes

Govt concerned over how the applicants operate, their influence from gaming entities

'Deterrents in self-regulation of news channels inadequate'

The apex court’s recent observation on the need for stronger self-regulation of news broadcasting has raised concerns about the adequacy of the ₹1 lakh penalty for potentially harmful coverage, said experts.

Gadkari looks to revive BOT model for highway projects

Last time NHAI tried to assign road projects on a build-operate-transfer basis was in 2020

'Sensex can potentially swing 5% to minus 40% after poll result'

Investors could witness the Sensex rising by around 10% in the run-up to the general elections in 2024 in anticipation of a decisive win for the Bharatiya Janata Party (BJP) led government and could swing in a +5% to - 40% wide range, depending upon the outcome of the polls. This is the nub of a research report dated 3 September by global brokerage Morgan Stanley.

M&M in talks for Volkswagen's key EV platform components

Volkswagen said on Monday it was in advanced talks with India's Mahindra & Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles (EVS), called MEB.

Local pvt credit on the rise as bad loans fade

Kotak, JM Financial, Edelweiss, Centrum explore alternative funding option

Habit-forming drugs to be bar-coded

The health ministry may introduce mandatory bar coding for 11 habit-forming drugs, including some cough syrups, painkillers and sleeping tablets, to stop their misuse and an illicit trade in them.

Amid falling coal stocks, gencos told to blend 4% imported coal

With thermal power plants left with just 10 days of coal stock even as power demand soars, the union ministry of power has directed all domestic coal-based power plants to blend 4% imported coal till March 2024.

'Govt watching rain impact on rural economy, grain supplies'

The government will examine the quantifiable implications of the monsoon shortfall, and the impact on rural consumption and demand, Chief Economic Advisor to the government, V. Anantha Nageswaran said in an interview. Nageswaran also said supply-side measures taken by the government to tame inflation will see success in the medium to long term. Edited excerpts:

NIIF, Actis eye Macquarie's Vibrant green platform

India’s National Investment and Infrastructure Fund Ltd (NIIF) and private equity firm Actis Llp are among four contenders vying to acquire Macquarie Asset Management’s Green Investment Group platform Vibrant Energy, two people aware of the development said.