CATEGORIES

Concord IPO day 1: Subscribed 59%

The initial share sale of Concord Enviro Systems Ltd, an environmental engineering solutions firm, received 59% subscription on the first day of bidding on Thursday.

Air India orders 34 trainer aircraft

Air India has placed an order for 34 trainer aircraft, including 31 single-engine planes, for its flying training organisation in Maharashtra that is expected to come up by the second half of 2025.

The last-ditch efforts to win over critics of the Nippon-U.S. steel deal

The takeover bid has run into opposition from politicians and union leaders as well as skepticism from investors

Private retailers' 'happy hours' irk state-run oil firm dealers

OMC dealers seek a price cut to protect share from discounts by Jio-BP, Nayara outlets

The next big Fed debate: Has the era of very low interest rates ended?

Fed officials are trying to figure out the just-right interest rate. Some think they may be close

Unable to criticize Putin, Russian oligarchs turn ire on central banker

Recent additional U.S. sanctions caused the ruble to plummet, while local companies are slashing expansion plans

Star dubs lift Hollywood films in India

Dubbing by Indian superstars like Shah Rukh Khan and Mahesh Babu can greatly lift the reach and box office potential of Hollywood animation films releasing in the local theatres.

Micromax, Phison set up JV for storage chips

MiPhi has started manufacturing from Micromax's Greater Noida facility

Delhi HC rejects tax plea against Western Union

The Delhi high court rejected a plea by the income tax department against American multinational Western Union Financial Services, citing provisions of the India-US double taxation avoidance agreement (DTAA).

Accenture clocks $1.2 billion Gen AI orders in Nov quarter

Overall spending environment hasn't changed, abundant skills available in India: Accenture

Fed decision to slow pace of rate cuts hits Indian stocks

The Fed's decision to slow the pace of rate cuts sent shockwaves through Indian markets on Thursday, with investors reacting to low volumes and significant foreign portfolio investor (FPI) selling. FPIs sold shares worth a provisional ₹4,224.92 crore, while domestic institutional investors purchased ₹3,943.24 crore worth of equities.

Bharat Dal, coming soon to an online grocer near you

The Bharat Dal scheme was introduced last year to offer pulses at cheaper prices when inflation soared

Pricing probe: CCI raids Pernod, AB InBev

An anonymous complaint alleged Telangana sellers formed \"cartel-like\" pacts to boycott all brands but AB InBev's

'Kia India doesn't rely on hybrid incentives'

Bets on agility amid regulatory shifts, plans two mass market EVs in 2025

SFB bid: Fino to bet on merchant loans

Fino Payments Bank plans to use its network of merchants as the first set of customers to lend to, while also using them as loan collection points, if the regulator approves its proposal to convert into a small finance bank.

RBI flags state sops even as taxes, spend quality improve

The average buoyancy of state tax revenue rose post-pandemic to 1.4 from the pre-pandemic average of 0.86

Ajmera bets on acquisitions, JVs to expand m-cap tenfold to $5 bn

Ajmera Realty and Infra India Ltd aims to expand its market capitalization (m-cap) by 10x to $5 billion through acquisitions and joint ventures (JVs), said Dhaval Ajmera, director at Ajmera Group.

Coromandel is betting on gains from backward integration

Despite a dull first half (H1 FY25), shareholders of Coromandel International are brimming with optimism. The fertilizer firm's stock hit a new 52-week high of ₹1,882 on Wednesday, taking its gains so far this year to 46%.

CGD stocks climb wall of worry

State-run city gas distribution (CGD) firms are bracing for a decline in earnings in the December quarter (Q3FY25).

I-bankers see more China IPOs in 2025

Investment bankers are pinning hopes on initial public offerings in Asia to grab a bigger slice of equity capital markets volumes in 2025, after such transactions fell to the smallest proportion in eight years as Chinese deals remained muted.

AI meets 3D hologram tech

Holographic devices combine 3D projections with AI, allowing users to interact through speech and gestures

Cinnamon Wealth readies to float debut private credit fund

Cinnamon Wealth, which is a women-focused asset and wealth management company, is all set to launch its maiden private credit fund, the Women Enterprisers Fund, by January, a top company executive told VCCircle.

Zetwerk closes Series F round, aims to go public in 18 months

Zetwerk, a business-to-business (B2B) manufacturing services marketplace backed by marquee investors including Peak XV, Accel and Avenir Growth Fund among others, has closed its Series F funding round that values the unicorn startup 15% higher than its last valuation, co-founder and CEO Amrit Acharya, told VCCircle in an exclusive interaction.

Multiples PE makes its second bet on the logistics sector

Private equity firm Multiples PE, founded by Renuka Ramnath, has made its second bet on the logistics sector, with a $35 million (nearly ₹300 crore) investment in INSTANT-XP for a minority stake.

Building worker homes near factories will boost competitiveness

Niti Aayog, the Union government's policy think tank, has called for building workers' homes closer to factories by amending existing industrial zoning laws, in order to boost labour productivity and enhance the competitiveness of the country's manufacturing sector.

Govt plans jail terms, fines for illegal loans

The government is seeking to clamp down on unregulated lending with a proposed law that would impose prison terms of up to seven years and fines for unauthorized loans, including those through digital platforms.

Discrepancy in Nov trade data suspected

India's gold imports in November reached a record high of $14.86 billion, registering a fourfold jump

In the works: Repairability Index for consumer durables

India cannot be a dumping ground for inferior-quality products, says minister Pralhad Joshi

Standardize power purchase pacts

The Estimates Committee has called for setting definite approval timelines to expedite the signing of PPAs

Bharat Dal, coming soon to an e-grocer near you

Virtual shelves of online grocers, such as Amazon, Flipkart, and Swiggy, may soon see the debut of an unlikely item: Subsidized dal from the Government of India.