CATEGORIES

Panel recommends route to direct equity listing at GIFT city

A committee to suggest rules for direct equity listing at India's International Financial Services Centre (IFSC) in GIFT city has recommended depositories in the IFSC and the rest of the county be connected to enable this.

BluSmart raises $24 mn; to expand EV charging infra

Electric mobility startup, BluSmart, has raised $24 million (₹200 crore) in a funding round, with an oversubscription from its existing investors founders and leadership team, the firm said.

Adanis to invest in green unit

Billionaire Gautam Adani and his family plan to inject $1 billion into the conglomerate's renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals while facing maturing bonds next year.

Warner Bros, Paramount talk merger

Warner Bros Discovery Inc. held talks on a_ possible merger with Paramount Global, potentially combining two of the biggest media companies in the world, according to people with knowledge of the matter.

Making daily objects interesting

Japanese designer Kenya Hara discusses the fleeting nature of trends, the role of AI and importance of 'emptiness' in design

Don't lose sight of real worries in the hype over obesity drugs

Affordable, equitable and responsible use won't be easy to achieve

The IMF hasn't got its analysis of the country's forex regime right

The Fund's remark on India's alleged departure from a floating rate for the exchange of rupees and dollars is unconvincing

What Irdai's latest draft says about surrender charges

Key changes will benefit policyholders, while business margins of insurers will take a hit

Philippines warned over South China Sea

Chinese foreign minister Wang Yi warned the Philippines that any miscalculation in their escalating dispute in the South China Sea would bring a resolute response, and urged dialogue to address \"serious difficulties\" between the two neighbours.

Israel intensifies Gaza strikes, Hamas resists amid truce talks

Israeli bombing was most intense over northern Gaza; Hamas, too, demonstrated its ability to rocket Tel Aviv

Waaree Energies to invest $1 bn to set up solar facility in Texas

Mumbai-based Waaree Energies will invest up to $1 billion in setting up a solar module manufacturing plant in Texas, US.

Younger generation leads in luxe shopping

High-end shopping is increasingly drawing young, urban consumers

EV industry to grow up to 40% in 2024: Tata Motors

Homegrown carmaker Tata Motors, which occupies nearly 70% of India’s electric passenger vehicle sales at present, expects sales of EVs in India to grow 30-40% in 2024 (calendar year), after nearly doubling in size in 2023, a top company official said.

Bandhan to shed home loan NPAS

Private lender, Bandhan Bank Ltd, will transfer distressed home loans totalling ₹775.6 crore, where repayments were overdue by over six months, to an asset reconstruction company.

Telecom Bill: Experts seek clarity amid privacy worries

Industry stakeholders, including Big Tech executives, raised concerns over a lack of clarity on specific rules, following the Rajya Sabha’s approval of the Telecommunications Bill 2023 on Thursday. The Bill had been cleared by the Lower House of the Parliament a day earlier.

'Need to raise data tariff but no premium for 5G services'

Airtel’s managing director and chief executive Gopal Vittal advocated for higher data tariff in India. In an interview, Vittal said while India has the lowest tariffs worldwide, it would remain so, even if it raises the average revenue per user (Arpu) from ₹200 to ₹300.

Indices recover partly from Wednesday's cuts on DII buying

Benchmark equity indices rose half a percent each on Thursday, lifted by short covering and purchases by domestic institutions, day after a dramatic bout of profit-taking saw them log their worst single-day fall by percentage in two months.

ORRY'S INCREDIBLE GUIDE TO MINTING MONEY

Orhan Awatramani became a social media sensation this year. His madness has a method

Metro Brands sprints past peers

For most of the key listed footwear companies, 2023 may not be a walk to remember. Stock returns show varied movements, with Bata India Ltd and Relaxo Footwears Ltd shares down 1-2%. Campus Activewear Ltd is a laggard, having slumped by 31%.

GreyOrange secures $135 mn Series D funds

The firm will utilize the capital to advance its technology, expand globally

India, South Korea push their ties, with a wary eye on China

India and South Korea are in discussions to deepen their bilateral partnership by strengthening strategic cooperation in the Indo-Pacific.

Govt weighs splitting battery cell PLI

The Centre is considering splitting the sops as part of the production-linked incentives scheme for advanced chemistry cells (PLI-ACC) between mobility and stationary storage applications, two people in the know.

Parliament gives nod to bill on CEC, ECS' appointments

The Parliament on Thursday gave its nod to a Bill which seeks to establish a mechanism to appoint the chief election commissioner and election commissioners with Law Minister Arjun Ram Meghwal asserting that it’s in line with the Supreme Court’s directions.

Mend your nation-judging ways, CEA tells rating firms

India's credit rating is at the lowest investment grade despite improved economic metrics

US weighs raising tariffs on Chinese EVs, solar goods

The Biden administration is discussing raising tariffs on some Chinese goods, including electric vehicles, in an attempt to bolster the U.S. clean-energy industry against cheaper Chinese exports, people familiar with the matter said.

Russia oil imports rise 44% in Oct '23

Russia continued to be the top source for India’s oil imports in October, accounting for nearly 30% of the crude brought into the country, official data showed. At $3.78 billion, the value of the crude oil supply from Russia increased 44% year-on-year (y-o-y) in October from $2.62 billion in October 2022. On a sequential basis, too, crude imports from that country increased 9% from $3.48 billion in September 2023, commerce ministry data showed.

Govt plans 'responsible person' at drug cos to hold accountable

Drugmakers may soon have to identify in-house point persons for authorities to communicate with and hold responsible for breaches, a government communication showed.

Eversource Cap looks to raise $100 mn for smart meter biz

Eversource Capital is in talks with large family offices and institutional investors to raise $100 million for its smart meter platform, three people familiar with the matter said.

EV battery swap: Industry to chart way forward, not govt

The government plans to bin an earlier proposal to dictate the size and shape of electric vehicle (EV) battery packs to qualify for incentives as it leans towards an industry-led solution to encourage battery swapping.

Group insolvencies to get legal blessing

Healthier group companies may be kept out of rescue process