CATEGORIES

Fidelity increases Lenskart valuation by 12% to $5.6 bn

The valuation of eyewear retailer Lenskart to $5.6 billion has been increased by a fund managed by US-based financial services major Fidelity.

Maruti to drive in eVitara next year

Maruti Suzuki unveiled its first electric car, the evitara, in Milan on Monday. It marks the company's foray into the electric vehicle (EV) segment, and its production is expected to start at its Gujarat unit next year.

Will launch three biosimilars globally in two-three years

Biocon Biologics (BBL), a subsidiary of Biocon, had refinanced $1.1 billion (₹9,300 crore) debt last month. The company's managing director and chief executive officer, SHREEHAS TAMBE, spoke to Sanket Koul and Aneeka Chatterjee in a video interview on issues ranging from refinancing, launches, and the road map. Edited Excerpts:

iPhone 16 takes bite out of 15's sales, dials 8% growth

Sales of the Apple iPhone 16 in the first month since its launch have shown a growth of 8 percent over the iPhone 15 in the corresponding period, according to preliminary estimates by Counterpoint Research.

Royal Enfield to debut C6 EV in Europe, US

1st model of 'Flying Flea' to hit India next yr; firm to set up hub in TN unit

L&T to acquire 21% stake in E2E Networks for ₹1.4K cr

Engineering conglomerate Larsen & Toubro (L&T) on Tuesday announced it will acquire a 21 per cent stake in Indian Cloud and AI Cloud provider E2E Networks, in an all-cash transaction of ₹1,406 crore.

Jio IPO may be pegged at over $6 bn; listing expected in Q2 or Q3 of 2025

Reliance Retail could be valued between $125 bn and $150 bn at the time of IPO

Equity NFO pipeline remains strong despite mkt weakness

The equity market's recent downturn appears unlikely to slow the brisk pace of mutual fund (MF) scheme launches, at least in the coming weeks.

Govt can't take over all private properties: SC

The ruling may impact policies aimed at wealth distribution

Brainstorming by top minds of financial world to start today

Three-day event to explore India's potential and pathways to achieve it

Trump Vs Harris: How Each Can Win Race To White House

The presidential contest is deadlocked as the nation votes today; opinion polls are exceptionally close across the country

Supreme Industries stock slips on weak Q2 showing

Brokerages cut earnings estimates after firm disappointed the Street

Dabur stock fall may provide entry to long-term investors

Dabur's performance in the July-September quarter of the current financial year (Q2FY25) was weak but in line with consensus. Consolidated revenue declined 5 per cent year-on-year (Y-o-Y) due to a temporary adjustment in General Trade (GT) inventory.

Capital markets' boom drives NSE Q2 PAT up 57% at ₹3.14K crore

The National Stock Exchange (NSE) reported a 57 per cent year-on-year (Y-o-Y) jump in consolidated net profit to ₹3,137 crore during the quarter ended September 2024 (Q2 FY25) amid a boom in the capital markets.

Sebi directs Embassy Reit to suspend CEO Aravind Maiya

The Securities and Exchange Board of India (Sebi) on Monday directed Embassy Office Parks Management Services, manager to the Embassy Real Estate Investment Trust (Reit), to suspend its chief executive officer Aravind Maiya for lapses in the \"fit and proper\" criteria.

Quant MF expects market correction to pave the way for risk-on phase

The recent downturn in the equity market may see a reversal once the US elections are over, according to Quant Mutual Fund, which emphasizes that the last month's correction should be seen as an opportunity to build more resilient and rewarding portfolios.

Mid, smallcap bounceback may be a distant dream

Analysts believe markets lack positive triggers for an immediate turnaround amid looming US polls

Sebi allows MFs to invest in overseas schemes with India exposure

The Securities and Exchange Board of India (Sebi) has allowed mutual funds (MFs) to invest in overseas funds and unit trusts (UTs) that have up to 25 per cent exposure to Indian equities.

Worst not over yet? Mkt selloff may continue amid headwinds

Technical charts suggest Sensex can slide to 72,000 levels in the worst-case scenario

New York Times beats estimates as digital subscriber count grows

New York Times Co reported third-quarter earnings that beat analysts' expectations, as the company saw an increase in its subscriber count in the months leading up to the 2024 Presidential Election.

Pak blames 'winds from India' as Lahore AQI hits record high

Ministers in Pakistan's Punjab province on Monday blamed winds from India for worsening the smog, urging the Indian authorities to take the matter seriously, after the air quality index (AQI) in Lahore hit a record high over the weekend.

Expect Canada to ensure justice: Modi

Prime Minister Narendra Modi on Monday slammed the attack on a temple by a pro-Khalistani mob in Canada and asked the government there to ensure justice and uphold the rule of law.

AMBATTUR GETS A MAKEOVER

How the old manufacturing hub is morphing into a hotbed of data centres

The BRI and its discontents

Bertil Lintner has spent decades reporting on Southeast Asia and its borderlands with India and China. He has deep familiarity with the history of the India-China conflictual relations and its current dynamic in this region. His latest book, The End of the Chinese Century?, uses the trajectory of China's most ambitious global development project—the Belt and Road Initiative (BRI)—to assess its claim to be the superpower of the 21st century.

A better way to tackle NCR's air pollution

For over two decades now, the National Capital Region's (NCR's) air pollution and alarming Air Quality Index (AQI) numbers have consistently garnered attention by October each year.

Small is big for India's energy future

Small modular reactors are ideal for India if supported by the right policies

Private access, public good

Gati Shakti data should not be limited

Selling pressure

Several factors are driving FPIs out of India

Legendary music producer Quincy Jones dies at 91

Quincy Jones, who broke through musical and business barriers during more than six decades as a performer, composer, arranger, and media executive, has died. He was 91.

Israel cuts ties with UN aid agency in Gaza

Israel said on Monday it had terminated the agreement facilitating the work of the UN agency for Palestinian refugees, the main aid provider in Gaza, in what appeared to be a step to implement legislation passed last month that would sever ties with the agency and prevent it from operating in Israel.