CATEGORIES

Incuspaze to raise $25 mn for IPO plan, expansion

Co-working company Incuspaze said on Friday it will raise $25 million (more than ₹210 crore) to expand business before launching an initial public offer (IPO).

Regulation-first approach to drive success for fintechs

A regulation-first approach will drive success for financial technology (fintech) companies in the country, and the sector would be a licence play in the future, said Vijay Shekhar Sharma, founder and CEO, Paytm.

Aster, Blackstone eye inorganic growth in North India

The deal between Aster DM Healthcare and Blackstone-backed Quality Care India Ltd—which have announced a merger—is one of the largest health-care deals in the country, with a combined enterprise value of ₹43,000 crore. ALISHA MOOPEN, deputy managing director of Aster DM Healthcare, speaks with Shine Jacob and Sohini Das in an interview about the way forward for the merged entity and its expansion plans. Edited excerpts:

Cipla promoters may sell stake worth ₹2,000 cr via block deal

Promoters of Cipla Limited are expected to sell shares worth ₹2,000 crore through a block deal, according to sources cited in a CNBC-TV18 report.

Aster adds Quality to ranks in India's biggest health care deal

At enterprise value of ₹43,000 cr, merged entity set to be among top three players in India

VC funding rises 44% to $9.2 bn in first 10 months of '24

Indian startups secured $9.2 billion in venture capital (VC) funding in 984 deals between January and October 2024, marking a 44.4 per cent increase in funding value from the year before, according to data analytics firm GlobalData.

Zeel shareholders want professional to lead firm

Zee Entertainment Enterprises Ltd (Zeel) stocks closed up by 4.87 per cent on Friday at ₹129.10 per piece on NSE after shareholders voted against chief executive officer Punit Goenka's reappointment as the director of the company.

Volkswagen India gets $1.4 bn tax notice for 'misdeclaring' imports

The government has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by \"willfully\" paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows, in what is one of the biggest such demands.

GLOBAL EXPOSURE WEIGHS ON GROUP

An investigation in the United States, rating action by international agencies and cancelled deals in Kenya are some issues facing Adani Group—troubles that have come with the conglomerate's increased global exposure in recent years.

Group has liquidity, cash flows to serve debt, says CRISIL

The Adani Group has sufficient liquidity and operational cash flow for debt obligations and capital expenditure over the medium term, said CRISIL Ratings on Friday as senior executives of the Indian conglomerate face charges of fraud in the US.

Individuals, not group, will respond to charges: CFO

Says conglomerate will delay dollar bond till April-June

Govt steps aside, says matter between pvt parties and US

Foreign ministry spokesperson says India has not been consulted by America

Retailers eye big Black Friday gains as shoppers go all out

Over the past week, Indian smartphones have been buzzing with a flurry of messages advertising discounts surpassing 50 per cent and tempting buy-one-get-one-free (BOGO) deals, mirroring the high-decibel marketing blitz familiar to American shoppers.

Capex contracted, revexgained pace in Oct: CGA data

Persistent contraction in central government's capex for the third month in a row in October even while revenue expenditure picked up pace during the month may limit the support of government expenditure to a sluggish economy in the December quarter, unless the trend reverses.

GDP growth hits 7-quarter low of 5.4%

SLOWDOWN PROMPTS CALLS FOR POLICY RATE CUTS IN FEBRUARY

Maha Kumbh 2025 to give state a chance to wave tourism potential

To leverage its religious and spiritual tourism potential, the Uttar Pradesh government is pitching for global branding of Maha Kumbh Mela 2025, one of the world's largest congregations of pilgrims.

Highways: UP's path to become first $1 trn state

Uttar Pradesh (UP), one of India's top state economies, is aiming to become the nation's first $1 trillion economy.

'UP has largest investment portal in the country'

Nivesh Mitra offers 491 online services and is adding more, say senior bureaucrat

Chips to tourism: State marks out sectors for support and growth

Uttar Pradesh is on the track to become a $1 trillion economy by 2027-28 due to a host of factors, including increased spending on infrastructure, improved law and order, and better business environment.

'Industry has to heed the environment'

In the era of rapid industrialisation, businesses are required to adopt processes and technologies that are environment-friendly and achieve the goal of sustainability. RAVINDRA PRATAP SINGH, chairman of Uttar Pradesh Pollution Control Board (UPPCB), in an interview with Siddharth Kalhans in Lucknow said the board had been nudging industries to adopt eco-friendly technologies. He also spoke about the steps being taken to make people environment-conscious. Edited excerpts:

UP green plan: Use tech to help boost agriculture

Over the next few years, the state aims to increase value of farm exports from ₹20,000 crore to ₹50,000 crore by boosting productivity and food processing

Wheels of change turn electric as state expands its green fleet of buses

The Yogi Adityanath government in Uttar Pradesh (UP) will expand its electric bus fleet to improve public transportation.

'UP has extensive land bank for industries'

As several investments come to Uttar Pradesh (UP), the demand for industrial plots is rising. The Global Investors Summit, held in Lucknow last year, fetched investments worth more than ₹40 trillion. The state government is expanding existing industrial areas and creating new ones. Sector-specific industrial parks are also being set up. MAYUR MAHESHWARI, Chief Executive Officer (CEO) of UP State Industrial Development Authority (UPSIDA), in an interview with Siddharth Kalhans in Lucknow spoke about plans to help industries. Edited excerpts:

'Investments in UP spread across regions'

Leaving behind the tag of being a Bimaru’ state, Uttar Pradesh UP) has marched forward to become one of the most favoured destinations for investors. The state government has introduced a new industrial policy providing more sops, incentives, and rebates to industries. Various sectoral policies have been implemented to support these industries. Minister for Industrial Development, Export Promotion, NRI Investment Promotion of UP, in an interview with Siddharth Kalhans of the Business Standard Samriddhi round table, shared details of the steps taken to boost the economy, exports, and industries in UP. Edited excerpts:

State's priority sectors need ₹5.73 trn lending in FY25

Signalling a major boost to the $1 trillion economy target of Uttar Pradesh, the priority sector credit flow is estimated to touch ₹5.73 trillion in the current financial year 2024-25 (FY25), marking an over 50 per cent growth year-on-year.

Making of 'Yoginomics': Micro industries to macroeconomy

FROM RUST BELT TO BOOMTOWN: How the Chief Minister's playbook is rewriting UP's growth story with bold reforms and visionary governance

UP GETS WORKING TO BE INDIA'S 'GROWTH ENGINE'

A transformation is underway in the state, where investments, infrastructure, and innovation converge to redefine its economic future

Amazon develops video AI model

E-commerce giant Amazon has developed new generative artificial intelligence (AI) that can process images and videos in addition to text, making it less reliant on AI startup Anthropic.

NHAI takes measures to counter visibility issues due to fog

State-owned NHAI on Thursday said it has directed its field offices to take proactive mitigation measures to enhance visibility for the safety of National Highway users.

Co-ops may create 55-56 mn self-employment jobs by 2030

Maintaining growth rate at 5-6% must to achieve goal, says report