CATEGORIES

Innoviti in talks to raise pre-IPO funding

Fintech company Innoviti Technologies Pvt. Ltd is planning to raise a pre-initial public offering (IPO) funding round from new and existing investors, at least two people in the know said.

Microgravity eyes $4 mn for expansion, 10 new stores in 2 yrs

The company is planning to set up virtual reality gaming arenas at IT-enabled services and BPO firms

Stellaris adds gen-AI, sustainability themes

The firm expects significant rise in deal activity over the next year

India's LNG terminal plans in Iraq face visa, security hurdles

Plans to set up a liquified natural gas terminal in Iraq are yet to take off, as Iraq is yet to issue visas to officials from Indian oil and gas and EPC (engineering, procurement and construction) companies amid persistent security concerns in the country.

Keen on FTA with India: New Zealand envoy

New Zealand is keen to conclude a free trade agreement (FTA) with India, the country's high commissioner said as he sought to dispel the notion that such a deal will be skewed towards New Zealand.

Road ministry scheme to end contractual disputes

Disputes involving the Centre and its undertakings are blocking investments in road sector

The onion peel that promises a sugar high

The government is putting its money where its sweet tooth is, the zero-sugar way. The consumer affairs ministry is working on a plan to bring to the market sweetener extracted from onion waste, two persons aware of the matter said. It will do this in partnership with a startup that won a government-run contest.

Svatantra to raise ₹2K cr pvt equity

As per data from Crisil, Svantantra reported a total income of ₹1,396 crore and profit after tax of ₹130 crore in FY23

Hindalco's US unit Novelis to go public

It is not clear what Hindalco plans to do with the IPO proceeds and if it will choose to give out some of it as dividends

Scrapping old vehicles could fetch extra sops

Sweetened scrapping policy may be rolled out after general election

Valuations Rise As Nifty Hits New High, But Earnings Higher Too

The stock market's engines may have more steam left despite Nifty's new peak fuelling valuation jitters, analysts said.

The Wait Lengthens For Ratan Tata's Authorized Biography

The long wait for the biography of one of India's foremost businessmen and philanthropists has become longer. And more uncertain.

OpenAI Is Being Too Secretive About Its New Video Generator

It has disclosed too little about a tool that can play havoc with polls

Japan Moves To Let Investment Funds Hold Cryptocurrency

Japan inched closer to allowing venture capital firms and other investment funds to hold digital assets directly, after Prime Minister Fumio Kishida's administration agreed to submit a revised bill to implement the change.

America's Emulation Of Chinese Policy Can Reset Mutual Relations

Cooperation may be easier if both countries realize their policies are neither too different nor necessarily harmful to each other

Finding gut health at the supermarket

A rising interest in gut health is spurring leading supermarket and retail chains in India to stock up on gut-friendly foods their customers want

Aviation casts a K-like shadow on the ground

There's a boom in aviation fuelled by holiday demand amid a post-pandemic roar back to the skies. But this should not overshadow India's lumbering recovery in railway traffic

Europe to set first major rules for private credit funds

Private credit funds for professional investors are stricter rules under a European Union (EU) proposal slated for approval this week, as their growth has fuelled questions about potential risks.

Does LRS limit apply to NRO account?

I am a businessman and run a clothing company in India. My daughter has gone to the US for her undergraduate studies.

Is PPFAS MF's tax efficient 'debt' fund worth a look?

The fund will use a tax-efficient structure that will see LTCG taxed at 20% with indexation

FARMERS' BATTLE FOR MSP LAW. IS IT A FAIR ASK?

Farmers are back on the streets. Their demand has sharply divided both public and expert opinion

Kochhars' CBI arrest amounted to abuse of power: Bombay HC

Chanda Kochhar and her husband got interim bail in January last year

Israel sees 20% decline in GDP as war bites

Israel's economy suffered one of its worst-ever slumps, after the Hamas war paralysed businesses, forced people to flee their homes, and caused the military to call up hundreds of thousands of reservists.

Aramco likely to sell debt this year with longer-dated focus

Saudi Aramco may sell bonds this year as financial markets have improved and the company looks to offer longer-dated debt, according to the state oil producer's finance chief.

Spending spree, hefty debts. And world's mining cos are now stingy

Mining companies have spent much of the past decade in investors' bad books. Throughout the 2000s and early 2010s the industry, betting that the surge in commodity prices brought on by China's economic rise would persist, splurged on investments and racked up hefty debts in the process.

Tech revival in San Francisco as leaders return after Covid

Many decamped to sunnier cities during pandemic, criticized San Francisco’s governance and high cost of living

CBDT drops small tax demands but not TCS, TDS claims

Central Board of Direct Taxes (CBDT) on Monday ordered withdrawal of small tax demands that finance minister Nirmala Sitharaman had announced in her FY25 budget speech to improve ease of living.

HC restrains sale of GEAR trust's assets after loan default

The Bombay High Court has restrained Gifted Foundation (GEAR) from disposing of its assets after the education trust defaulted on a ₹35-crore loan from Axis Finance, a non-banking subsidiary of private lender Axis Bank.

Modern trade stores pop up across India

These independent stores offer more options for buying household items

Deepak Fertilisers, Equinor ink pact

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Monday said it has entered into a long-term agreement with Norway's Equinor for supply of Liquefied Natural Gas (LNG).