CATEGORIES

Nykaa's fashion biz to add more glitter in December quarter

FSNE-Commerce Ventures Ltd's wardrobe is seeing an upgrade. The fashion business of the parent company of Nykaa is likely to put on a better-than-expected show for the second consecutive time in the December quarter (Q3FY24).

Good view for hotel operators in '24 too?

Over the past two years, the Indian hospitality industry has thrived on recovery trends, led by a surge in leisure demand in 2022 and a boom in corporate travel in 2023. This upswing resulted in impressive stock performance for hotel companies.

Gruhas, Collective Artists launch fund for consumer firms

India-focused venture capital fund Gruhas, backed by Nikhil Kamath, and creator marketplace Collective Artists Network have launched Gruhas Collective Consumer Fund (GCCF) to back emerging consumer-focussed companies.

'New-age tech firms to lead $13 bn IPO boom'

Kotak Investment expects a significant uptick in average deal size in 2024:

Govt plans ISI certification for Nepali products to boost economic ties

India is considering granting ISI certification to Nepal-made cement, pavers blocks, and electrical products, two officials said, in a bid to enhance strategic and economic relations with its South Asian neighbours.

Brics 'snub' scuppers L&T bid for project in Algeria

Algeria was keen to join the grouping; its president had pledged 1.5 bn for the Brics Bank

Ola bikes get a lift from group firm

Bhavish Aggarwal-led Ola Electric has sold more than 8,200 scooters to promoter group company ANI Technologies Ltd, which is looking to launch and expand its electric bike taxi service in various Indian cities.

Co-work in Gift City as space turns scarce

Businesses looking to open shop in Gujarat's Gift City are struggling for office space, as the demand for real estate has far outstripped supply in the special economic zone (SEZ).

Inverted duty structure likely to get a budget fix

The Central government may consider correcting the inverted duty structure in certain sectors in the upcoming budget to increase the competitiveness of Indian manufacturers, two people aware of the matter said.

Capex plans to cool after FY25 as govt chases deficit goal

After an expected spurt in the next fiscal year, government capital expenditure (capex) may grow at a more sedate pace in the years ahead as the Centre sets its sights on fiscal consolidation, two people aware of the plans said.

Burman vs Religare: Sebi kicks off probe

Regulator seeks info from both sides on meetings, open offer

Why is India an emerging hair transplant hot spot?

From the quality of surgeons to pristine hygiene standards, India’s hair transplant industry is gaining international recognition

Does India need to worry about a decline in its male workforce?

The actual reason behind this trend needs to be ascertained as it could have significant implications for the Indian economy

Democracy around us seems in terrible shape

Sheikh Hasina's win in Bangladesh was hollow as it was opposition-free while Pakistan's polls may be headed for a farce with Imran Khan's party in fetters. This isn't good for India

When is the right time to start investing?

I am 25 and have just started working. I am yet to start my investing journey. Should I wait for the equity markets to correct or should I start systematic investment plans (SIPS) in mutual funds?

How small businesses can benefit from GST composition scheme

The scheme offers a substantially lower tax rate, reduces compliances and so works in favour of the small firms

US launches first moon mission in more than 50 yrs

The first US lunar lander in more than 50 years rocketed toward the moon on Monday, launching private companies on a space race to make deliveries for NASA and other customers.

Israel shifts to deadlier strikes on Syria targets

Raids on trucks, infra, people involved in Iran’s weapons supply to proxies

Bilkis Bano case: SC quashes Gujarat govt's remission order

All ll convicts were granted remission by the Gujarat govt and released on 15 Aug 2022

Winter products in the December face setback quarter

Delayed onset of winters impacted stocking and sale of products such as immunity boosters, creams, lotions, and warm clothing in December quarter. However, companies reported a pick up in sales in the end of December and early week of January.

Post-covid, OTT firms script a cut in marketing spends

Platforms slash marketing budgets by up to 40% over the past year, rationalize content costs

Adani's ACC acquires full stake in ACCPL

ACC Ltd, a subsidiary of Adani-owned Ambuja Cement Ltd, on Monday said it has acquired the remaining 55% stake in Asian Concretes and Cements Private Ltd (ACCPL) for $425.96 crore.

Maldives in holiday churn

Industry estimates put the number of hotel bookings cancelled at 8,000 over just two days. More could follow

Hope for cost cuts in Budget: Vistara CEO

The airline industry expects the government to announce measures that improve the operating climate for airline companies in India through measures that reduce cost of operations for the airline, Vistara CEO Vinod Kannan said Monday.

RBI's loan curbs begin to hurt bank stocks; to remain under pressure

Banking stocks are likely to face increased pressure in coming sessions, as Monday's decline, precipitated by direct retail selling, was accompanied by a rise in short positions created by domestic institutions and foreign investors closing out their positions in index futures like Bank Nifty, NSE data showed.

Adani Green Energy secures redemption of $750 mn bonds

A dani Green Energy on Monday announced a plan to ensure redemption of its $750 million bonds eight months ahead of their maturity, in an effort to boost investor confidence in the company's financial health.

Indian stocks get first ETF in Gulf region

Gulfinvestors are poised to get their first regional exchangetraded fund tracking Indian equities. Lunate Capital LLC is launching the Chimera S&P India Shariah ETF, replicating the performance of the S&P India Shariah Liquid 35/20 Capped Index.

Currency headwinds to undermine GCPL's show in Dec quarter

Shares of Godrej Consumer Products Ltd (GCPL) hit a new 52-week high of 1,230 apiece on Friday before the company released its prequarter update for the three months ended December (Q3FY24).

IT cos may see little respite in Q3

The Nifty IT index closed 2023 with a creditable 24% gain, helped in particular by a strong momentum in December after the US Federal Reserve hinted at three potential rate cuts over the course of 2024.

Binny Bansal invests in Amaya Growth fund

Billionaire Binny Bansal, who co-founded ecommerce firm Flipkart, has made an investment in Amaya Growth Fund, sponsored by investment banker Amit Khanna's family office Amaya Ventures.