CATEGORIES

Zetwerk raises $90 mn at valuation of $3.1 bn

Manufacturing unicorn Zetwerk has raised $90 million, about 766 crore, in a fresh funding round at a valuation of $3.1 billion, atop company official said on Thursday.

'H-1B ecosystem benefits US firms more'

RAJESH NAMBIAR, president of Nasscom, believes that despite the industry facing several headwinds—such as geopolitical challenges, rising regulatory demands, and rapid technological disruptions—the opportunities presented by artificial intelligence (AI) signal the right time for the sector to evolve. In a virtual interview with Shivani Shinde, Nambiar discusses Nasscom's priorities, the talent gap, and the future of the industry. Edited excerpts:

Draft Bill moots unregulated lending ban, up to 10-year jail

The Centre, in collaboration with states, has proposed to classify unregulated lending as a cognizable and non-bailable offence, with penalties including imprisonment of up to 10 years.

India to make a big export pitch in Jan

Mega meet to stress 6 categories bound for 20 nations

₹ slides past 85 vs $

INDIA-US 10-YR BOND YIELD SPREAD NEAR 20-YR LOW

CRYING OVER SPILT MILK

From 6.62 in FY18, India’s milk production growth rate has fallen sharply to 3.78% in FY24

The art of leaving

Ravichandran Ashwin, the quintessential cricketing nerd who bamboozled batters through skill, guile, and acumen, stumped fans around the globe on Wednesday when he retired from international cricket with immediate effect at the end of the third Test of the Border-Gavaskar Trophy in Brisbane.

13 dead as Navy speedboat rams into ferry off Mumbai coast

Thirteen persons died and 99 others were rescued after a Navy craft crashed into a ferry off the Mumbai coast on Wednesday, the Navy said.

How senior living market is redefining retirement

With a growing population of India's well-to-do elderly choosing to live well and live free, businesses have spotted an opportunity. The first of a four-part series on the silver economy focuses on luxury housing projects developed with seniors in mind

TRAVEL INSURANCE FOR HOLIDAYERS Sum insured should depend on destination, trip duration, and age

This holiday season, Indian travellers are likely to flock to short-haul destinations.

New coat of opportunity for Berger and Indigo

Analysts see potential in select paint stocks amid entry of big players

Aluminium seen as outlier among metals; Hindalco better placed

Most industrial metals are expected to stay bearish at least in early 2025. However, aluminium could be an exception.

₹ hits fresh low of 84.96 against $

The rupee has depreciated further to close at a fresh low of 84.96 against the US dollar on Wednesday as foreign banks purchased dollars on behalf of their clients ahead of the outcome of the US Federal Reserve meeting, said dealers.

FPI selling ahead of Fed meet drags market down for 3rd day

Overseas investors pull out ₹8,000 crore this week

Bourses see three blockbuster debuts

Mobikwik up 90%; Vishal Mega Mart, Sai Life gain 40%

Sebi tightens SME listing norms, widens UPSI scope

The Securities and Exchange Board of India (Sebi) on Wednesday approved tighter regulations for listing of small and medium enterprises (SMEs), broadened the scope of unpublished price-sensitive information (UPSI), and overhauled regulations governing investment bankers.

MFs raise banking, IT stocks exposure amid market correction

Shift reflects strong performance and new investments flowing into these sectors

Moving beyond dependence

Over 50 per cent of municipal corporations generate less than half their revenue independently, while government transfers rose by over 20 per cent in 2022-23, according to the Reserve Bank of India's (RBI's) recent report on municipal finances.

The Great Capitulation

With tech CEOs and other elites bowing to Mr Trump, the air is going out of the old liberal order

Thinking small to make it big

In the award-winning TV series Mad Men, there is a scene in which the creative director of the ad agency Sterling Cooper, Don Draper, points to a page of The New York Times. The page contains a full-page ad for the car brand Volkswagen. \"Guys, this is the future of advertising,\" Draper says. The ad to which he was referring had the pithy headline \"Think Small\". The car is shown in a tiny size in the corner of the ad. A large part of the ad is blank space.

The spirit of governance

Directors must exercise fiduciary duties

Style and substance

Specialised funds will increase choices

As bitcoin soars, luxury brands consider accepting crypto payments

Bitcoin's soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap into fresh pockets of wealth and build loyalty with crypto investors.

Sunita Williams' return delayed till March

NASA's two stuck astronauts just got their space mission extended again.

Russia detains suspect in killing of nuclear chief, blames Ukraine

Russian authorities detained an Uzbekistan national on suspicion of killing a top general in a Moscow bomb attack, and said he'd been recruited by Ukrainian security services to carry out the assassination.

Bain goes hostile as Fuji Soft battle with KKR intensifies

Bain Capital said on Wednesday it plans to launch a tender offer for Fuji Soft shares even without the backing of the Japanese firm's board should a second-round bid from rival suitor KKR fail.

US set to begin probe into Chinese semiconductors

President Joe Biden's administration is set to initiate a trade investigation into Chinese semiconductors in the coming days, as part of a push to reduce reliance on a technology that US officials believe pose national security risks.

US lines up Bill to avert partial govt shutdown

Top Republicans and Democrats in the US Congress unveiled a stopgap measure on Tuesday to keep federal agencies funded through March 14, which would avert a partial government shutdown that would otherwise begin on Saturday.

Honda, Nissan weigh merger as competition hots up

BAILOUT IN THE WORKS: Nissan's financial and strategic trouble adds more urgency for closer cooperation with larger rival Honda

Priyanka on simultaneous polls House panel

Former Union ministers Anurag Thakur and P P Chaudhary from the BJP, and Priyanka Gandhi Vadra of the Congress are set to be among the 21 Lok Sabha members, who will be part of the joint committee of Parliament that will scrutinise two Bills on simultaneous elections. The Lok Sabha's list of business for Thursday included the names of 21 MPs to be part of the committee, a motion on whose constitution will be moved by Law Minister Arjun Ram Meghwal.