CATEGORIES

The big, fat Indian wedding gets bigger

A glitzy upper-crust wedding this week at a sprawling Delhi farmhouse–one of about 400,000 taking place in the capital this matrimonial season–is being attended by the who’s who in the city. The ceremonies, involving two business families, one in construction and the other in, let’s say, consumer goods, will include a cocktail party at Delhi’s Roseate Hotel before the wedding.

G7 move rattles diamond sector

The Group of 7 nations’ plan to ban imports of polished diamonds made from Russian rough stones from March as part of measures against the country’s invasion on Ukraine has left Indian diamantaires on shaky ground.

Outplacement firms rake it in on job cuts

Outplacement firms charge a fee to the client, which can range from ₹40,000 to a couple of lakhs per candidate

Mint AI Summit: Tracking a revolution

The hundreds of millions of dollars poured into artificial intelligence over the decades have started paying massive dividends, with adoption of AI more than doubling over the past 5 years. But now, AI itself is being transformed by generative AI.

Bain, KKR, Advent circle Sai Life for controlling stake

Global private equity funds, including Bain Capital, KKR, and Advent International, are in talks for a controlling stake in Sai Life Sciences at a valuation of $600-700 million, three people aware of the development said. Sai Life Sciences (SLS) is a Hyderabad-based pharmaceutical contract research and development, and manufacturing (CRDMO) firm.

India has scored on growth, welfare: FM

'Govt's focus on poor, farmers, women, youth showing results'

What's A Realty Fund Worth? That Depends On The Math

At some real estate funds, the familiar term 'net asset value' can mean different things

Sebi Notices To FPIs In Hindenburg Saga

FPIS in Adani firms did not maintain, disclose ownership info

How Sustainability Became Serious Business

Sustainability is getting mainstreamed. And CSOs in Indian companies have a hefty role to play

IMF For Debt Swap, Local Fund Raising In Climate Action

The International Monetary Fund (IMF) is keen debt-for-climate on swaps for countries struggling to raise funds for climate change-related action, managing director Kristalina Georgieva said.

Google's New AI Wants To Catch Rival

Google on Wednesday announced its new foundational artificial intelligence (AI) model, Gemini, replacing its Pathways Language Model (PaLM) that so far powered all of its generative AI applications and offerings.

Alternate investment funds in India face harsher regulation

The murky uses to which funds were put invites greater oversight

Our youth bulge could enlarge valuations too

Various factors have powered Indian stocks upwards and corporate earnings must keep up for a sustainable surge even if longer investment horizons start supporting larger PE ratios

Italy tells China it is leaving Belt and Road Initiative

Italy in 2019 became the first and so far only major Western nation to join the investment and trade programme

Saudi Arabia seeks to contain war spillover

Riyadh urges restraint by Washington as Houthis attack ships in Red Sea

Arbitration pacts binding on all companies in a group: SC

Apex court says pact is binding even on non-signatory firms that are part of the group

EGF optimistic about solving GST issues

The industry is united in presenting a compelling business case to the govt, Anuraag Saxena said

Festive season sees cautious spending

Consumers spent on gifts, mobile phones; avoided expensive purchases

NFRA debars two partners for lapses in auditing DHFL

Move follows NCLAT upholding NFRA's jurisdiction on audits done before its constitution

ArcelorMittal to set up 3 scrap facilities

ArcelorMittal Nippon Steel India Ltd plans to establish three scrap processing plants in Gujarat and Maharashtra. This move comes as leading steel manufacturers in India expect challenges in meeting their scrap requirements via imports.

Himadri to set up lithium-ion facility

Himadri Speciality Chemical said on Wednesday it would set up a facility to make lithium-ion battery components for an estimated project cost of ₹48 billion ($576.12 million).

PVS grapple with inventory woes

Wedding and festive seasons push two-wheeler registrations to record levels in Nov; CV sales remain subdued

FPI equity assets at 22-month high, overcoming Oct setback

FPI equity assets rebounded from a low of $629 bn at October end, marked by outflows of $2.95 bn

Sebi and RBI share concerns over AIFs masking bad loans

Market regulator and the central bank share concerns over instances of alternative investment funds (AIFs) being used to mask bad loans in the financial system, a top official said on Wednesday.

HZL okays FY24 2nd dividend

Hindustan Zinc Ltd. (HZL) on Wednesday declared a dividend for the second time this fiscal, amounting to ₹2,535 crore, of which the major benefactor will be cash-strapped Vedanta, holding a 64.9% stake.

Why December quarter of FY24 is likely to be lacklustre for PVR Inox

Considering the dull prospects for Q3, sharp near-term upsides may be tough for PVR Inox

Opec+ output cuts do not faze OMC stocks

Shares of state-run oil marketing companies (OMCs) including Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corp. Ltd (HPCL) and Indian Oil Corp. Ltd (IOCL), have risen 20-47% in the past one month, beating the benchmark Nifty 50 index.

Paytm to cut small personal loans

Paytm will issue fewer sub-₹50,000 (about $600) personal loans, the digital payments firm said on Wednesday, weeks after the central bank tightened rules on consumer lending after a surge in demand.

E-sports earnings on the rise

India's 42.5 crore gamers, second only to China, saw a string of e-sports events with substantial prize money

Thali cost rises in Nov as festival demand pushes up veggie prices: Crisil

The cost of home-cooked vegetarian and non-vegetarian thalis increased significantly in November as festival demand pushed up vegetable prices and due to lower output in the kharif season amid erratic rainfall conditions.