CATEGORIES

Vedanta shares plunge after S&P trims parent co's outlook

Billionaire Anil Agarwal-led Vedanta Ltd’s shares plunged 9% in intraday trade to ₹247.60 apiece on exchanges after S&P Global Ratings downgraded the parent firm Vedanta Resources Ltd’s credit outlook from stable to negative on Thursday when Twin Star Holdings Ltd, promoter of Vedanta, sold 15.4 crore shares worth ₹3,983.1 crore in the company to raise funds for repaying dues.

Airtel Q1 profit below estimates; 5.6 million new 4G users sign up

Bharti Airtel Ltd, India’s second largest telecom operator, reported a mixed set of first quarter numbers on Thursday, with revenue beating estimates even as profit came below expectations.

Domestic demand, investment to drive growth, says Economic Review

The Indian economy will grow on the strength of domestic demand and investment despite a rise in global uncertainties and moderation in global output, the economic review for June released on Thursday said.

'August rainfall could be below normal'

After 28% plus excess rainfall last month, August is expected to be dry, as precipitation will likely be below normal at around 90% of the long period average (LPA), said Jatin Singh, CEO of private weather forecaster Skymet in an interview.

July's e-way bills 3rd highest despite rain-led disruptions

Electronic permits for goods shipments within and across states—the so-called e-way bills—inched up to 87.95 million in July, up from 86 million in June, suggesting continued momentum in economic activity in spite of heavy rains disrupting mobility in parts of North India.

Offshore mining to open up for pvt sector by Dec

The government will put up over 12 offshore mineral-bearing areas for auction to the private sector before the end of 2023, an official aware of the plans said

Stocks extend losses as FPIS continue the selling spree

Benchmark indices closed in the red for the third straight session on selling by foreign portfolio investors (FPIs), despite global brokerage Morgan Stanley upgrading India’s sovereign rating to overweight, citing economic resilience.

Landmark data bill reaches Parliament

The central government on Thursday presented the Digital Personal Data Protection (DPDP) Bill in Lok Sabha, its second attempt to create legislation governing data privacy and protection in the country.

Make in India: Curbs on computer imports

Importers will need permits to bring in laptops, tablets, servers

US Rating Cut Leaves Indian Investors Poorer By ₹3.5 Tn

Foreign investors lead stampede; gold gains, volatility index jumps, rupee falls

Food As Fuel Isn't A Plan That Can Take Us Very Far

The adoption of ethanol-blended petrol could help lower carbon emissions and crude oil imports but dreams of vehicle refills at 15 per litre will stumble on the challenge of scale

How much should I invest in a SIP for my child's education?

As a first step you need to establish how much you need for your financial goals

Genetically modified corn is welcome but won't help much

Crops designed for climate resilience only skirt the real problem

School reforms under NEP 2020 must not be allowed to languish

These are long overdue and we must achieve them quickly or risk squandering the demographic dividend of our youth bulge

Trump indicted for attempt to overturn '20 presidential poll

It is the third criminal prosecution of the former US president as he makes his latest run for the White House

Adani Energy aims 16% rise in FY24 capex to ₹7,000 cr

The company is planning to increase its capital expenditure outlay by about 10% every year

Rites eyes ₹1,000 cr orders in Africa, foreign consulting

State-run firm to also focus on export of rolling stock as revenue from Indian Railways falls

Carlyle to acquire 5.9% stake in SpiceJet

Low-fare airline SpiceJet has sought shareholders’ nod to sell 5.91% stake to aircraft lessor Carlyle Aviation at ₹48 per share

Govt set to auction 90 critical mineral mines

Only 19 out of 107 identified mines were auctioned by states in the last 4 yrs

Won't insist on fit and proper' compliance till 30 Aug: Sebi

The Securities and Exchange Board of India (Sebi) on Wednesday deferred the implementation of its \"fit and proper\" person criteria for intermediaries, informing the Bombay High Court that it will not insist on compliance till 30 August

KKR to buy majority stake in Leap India in Asia infra push

In May, KKR made an additional investment of about $250 million in Serentica Renewables

India, Sri Lanka to begin talks on petroleum pipeline project

New Delhi and Colombo are set to begin technical discussions that could pave the way for a multiproduct petroleum pipeline between the two South Asian nations, Mint has learnt

CPI may hit 6.2% by end of Q2, says Morgan Stanley

Morgan Stanley on Wednesday said it expects India's retail inflation to leap to 6.2% at the end of the quarter ending September, against its previous forecast of 5.5%, due to higher prices of food

Fresh drug MSME guidelines on cards as govt finds lapses

Govt has been tightening regulations after Indian cough syrup-linked deaths reported abroad

Vedanta promoter to sell 4,136 cr stake

Anil Agarwal’s Twin Star Holdings Ltd, a promoter entity of Vedanta Ltd, aims to sell a 4.3% stake in the Indian mining company for ₹4,136 crore as part of the billionaire’s plan to reduce debts and transform his Vedanta group into a pure-play green energy and non-ferrous business.

IndiGo Q1 profit soars to record

InterGlobe Aviation Ltd, the operator of India’s largest airline IndiGo, reported record quarterly profit and revenue on robust demand for air travel, lower fuel costs, and favourable foreign currency movement

Fitch cuts US C rating by a notch to AA+

The US was stripped of its top-tier sovereign credit grade by Fitch Ratings, which criticized the country's ballooning fiscal deficits and an \"erosion of governance\" that's led to repeated debt limit clashes over the past two decades

GST law on online gaming from 1 Oct; review after 6 mths

The Goods and Services Tax (GST) Council, in a divided decision, decided to amend central and state laws from 1 October to ensure that 28% GST is paid on the full value of amounts deposited by players for betting on online games, casinos, and horse races

A Euro football transfer window like no other

Saudi Arabia, Messi and how the 2023 transfer window has becomea saga of midfielders and sportswashing

India's economy as third largest: Just a guarantee of the inevitable

The size of a countrys output matters but says little about the well-being of its people and the dignity with which lives are led