CATEGORIES

Kedaara pours $229 mn into SaaS firm Perfios

Perfios to use the funds to expand across North America and Europe

Investors rein in India bond optimism as crude oil prices surge

Investors are holding back from going all in on Indian sovereign bonds even amid easing debt supply as rising crude prices threaten to reignite inflation concerns.

KKR to invest ₹2,069 cr in Reliance Retail, raise stake to 1.42%

Global investment firm KKR is set to raise its stake in Reliance Retail Ventures Ltd (RRVL) from 1.17% to 1.42% by infusing ₹2,069 crore through an affiliate. In 2020, KKR had invested ₹5,550 crore for the first time in the retail business, spanning grocery, consumer electronics, apparel, footwear, online commerce, and jewellery.

'Pref share owners aren't fin creditors'

Can't be tagged so unless the shares are due for redemption: NCLT

India's DPIs may help soft power projection: Former NHA chief Sharma

The global proliferation of digital public infrastructures (DPIs) can be part of India’s soft power projection, in turn helping “increase our influence\" around the world, said Ram Sewak Sharma, former chief executive of the Centre’s National Health Authority (NHA).

India, Saudi weigh local currency trade

India and Saudi Arabia have begun discussions on trading in national currencies, officials from the ministry of external affairs said after a visit by Saudi Crown Prince Mohammed Bin Salman.

'Global deal to stop MNC tax avoidance likely by 2023 end'

A global tax convention to tackle aggressive tax avoidance by the top 100 multinational corporations, especially tech giants, is likely to be signed by as many as 138 countries by the end of the year for implementation in 2025, David Bradbury, deputy director of the Organisation for Economic Cooperation and Development’s (OECD) Centre for Tax Policy and Administration said.8 gireesh.p@livemint.com

Nifty breaches 20K, rally set to continue

G20 summit propels infra stocks, including Adani group shares

Regency Taps Quadria Cap, Kedaara For Up To ₹400 Cr

Fundraising after seven years targets healthcare-focussed PE funds, sector-agnostic investors

Differentiated Responsibility Gets G20 Nod Before COP28

The New Delhi Leaders’ Declaration captures the intent of the G20 countries, responsible for 80% of global greenhouse gas emissions, to meet Paris Agreement goals but doesn’t explicitly lay down as to how they would do it.

Business action is critical for the G20 to meet its larger objectives

The B20 recommendations that found place in the G20 leaders' declaration should drive new government-industry synergies

How sale of foreign shares is taxed in India

What will be the tax applicability and the conversion rates if an Indian resident sells his shares that are listed on the US stock exchange?

Artisans to get ₹15,000 as incentive under Vishwakarma scheme

The registration and benefits of the Vishwakarma scheme would also be restricted to one member of a family

Panasonic aims to double its solar business, boost exports

The firm expects the share of exports to its entire business increase from 25% in FY23 to 30% this financial year

State-run general insurers lose share

For the first time, state-run general insurers account for less than a third of the industry premium at 32.5%, as larger private non-life insurers have consolidated their position in the first five months of the current fiscal, according to the General Insurance Council data.

Viacom18 readies films push

Studio aims ₹1,000 cr annual revenue from various projects; to focus on high-budget, mid-scale productions

'Cyberattacks lower warfare bar, rules key'

As artificial intelligence (AI) continues to exacerbate cyberattacks around the world, there is an increasing need to adopt global standards, if not regulations, to tackle how cyberattacks are lowering the threshold of warfare.

Haldiram's set to expand QSR footprint

Haldiram’s Foods International is planning to expand its restaurant chain in South and West India, capitalizing on the increasing demand for dining out.

'Rally in mid-, small-cap segments led to valuation premium'

The sharp rally in the mid- and small-cap segments has led to a valuation premium developing in many companies, which could hamper return potential as markets take a breather.

Change of plan: Exiting Alibaba CEO to leave cloud unit as well

China's Alibaba Group on Sunday announced that Daniel Zhang will step down from its cloud business, in a surprise move just two months after the company said he would leave his roles as group CEO and chairman to focus on the cloud unit.

FPIs turn net sellers, withdraw ₹4,200 cr

After six months of consistent buying, foreign portfolio investors (FPIs) have turned net sellers to pull out ₹4,200 crore from equities in September, so far, on rising US bond yields, a stronger dollar and concerns over global economic growth.

G20 raises debate on AI risks

Artificial intelligence is also expected to be a core issue for Italy's G7 presidency in 2024

Nisus nears final close of its first real estate stressed assets fund

Mumbai-based Nisus Finance's alternative asset management arm, Nisus Finance & Investment Managers LLP is set to mark the final close of its maiden stressed assets fund after raising capital from a clutch of domestic and foreign-based investors.

How BJP will leverage G20 summit to advance its political outreach

The adoption of the New Delhi declaration at the end of the G20 Summit without impediments has given the ruling Bharatiya Janata Party (BJP) a platform to advance its political outreach and electoral campaign ahead of next year’s general election, riding on the triumph of an event it claims is a result of Prime Minister Narendra Modi’s leadership.

UK pledges $2 bn for climate action

UK Prime Minister Rishi Sunak on Sunday pledged $2 billion to the UN’s Green Climate Fund (GFC), a day after G20 leaders adopted a ‘green development pact’ to speed up measures to tackle the challenges of environment and climate change.

'World Bank widening vision to work for a liveable planet'

Reform will focus beyond poverty eradication, to include work on climate, disease, fragility

Local firms step up heat on M&A front

Domestic companies are increasingly snapping up local assets on the block, often beating private equity firms, a trend expected to continue on the back of strong balance sheets.

Dream11 revamps Rario's leadership

Dreamll revamps leadership at Rario unit, sacks co-founders

JCB eyes India for hydrogen engines

UK-based JCB plans to start manufacturing hydrogen-powered engines at its Haryana factory soon after its commercial adoption in the UK, top company executives said. The company considers its Ballabhgarh plant ideal for participating in the hydrogen initiative, as it already makes diesel engines for the parent’s worldwide operations.

'India to decide its position on crypto in coming months'

Seth said the current global economic growth is being influenced by high inflation and slowing trade