CATEGORIES

'Sensex can potentially swing 5% to minus 40% after poll result'

Investors could witness the Sensex rising by around 10% in the run-up to the general elections in 2024 in anticipation of a decisive win for the Bharatiya Janata Party (BJP) led government and could swing in a +5% to - 40% wide range, depending upon the outcome of the polls. This is the nub of a research report dated 3 September by global brokerage Morgan Stanley.

M&M in talks for Volkswagen's key EV platform components

Volkswagen said on Monday it was in advanced talks with India's Mahindra & Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles (EVS), called MEB.

Local pvt credit on the rise as bad loans fade

Kotak, JM Financial, Edelweiss, Centrum explore alternative funding option

Habit-forming drugs to be bar-coded

The health ministry may introduce mandatory bar coding for 11 habit-forming drugs, including some cough syrups, painkillers and sleeping tablets, to stop their misuse and an illicit trade in them.

Amid falling coal stocks, gencos told to blend 4% imported coal

With thermal power plants left with just 10 days of coal stock even as power demand soars, the union ministry of power has directed all domestic coal-based power plants to blend 4% imported coal till March 2024.

'Govt watching rain impact on rural economy, grain supplies'

The government will examine the quantifiable implications of the monsoon shortfall, and the impact on rural consumption and demand, Chief Economic Advisor to the government, V. Anantha Nageswaran said in an interview. Nageswaran also said supply-side measures taken by the government to tame inflation will see success in the medium to long term. Edited excerpts:

NIIF, Actis eye Macquarie's Vibrant green platform

India’s National Investment and Infrastructure Fund Ltd (NIIF) and private equity firm Actis Llp are among four contenders vying to acquire Macquarie Asset Management’s Green Investment Group platform Vibrant Energy, two people aware of the development said.

Tata, Adani, JSW seek to build ₹3.1 tn of pumped storage

NHPC Ltd, Tata Power Ltd, Adani Green Energy Ltd and JSW Energy Ltd are among companies that have proposed to build pumped storage projects (PSPs) totalling 39GW in the country, an official aware of the development said, potentially attracting investments of as much as ₹3.12 trillion.

JSW-MG Motor deal likely in two months

The conglomerate aims to debut its electric vehicle next year

Women in science break barriers, but sexist cliches linger

The journey of women working at Isro, and its success, is proof that India needs more women scientists

Are work sabbaticals good for career growth?

We spoke with some professionals who took a long break from work to focus on health and pursue creative interests. This is what they learnt

Unabated global warming will wipe penguins off this planet

All species deserve to survive regardless of their utility to humans

Enhance board effectiveness to acquire a competitive advantage

The board can be a strategic asset for a company that focuses on a 4-Cs-formula of context, clarity, composition and conduct

Animal spirits: A revival will ease our fiscal path

India's GDP growth is doing alright but we need private capital expenditure to boom and consumption to strengthen all across for a fiscal glide-down that could boost the economy

How will I be taxed for leave encashment?

Is leave encashment exempted under Sec 10 (10AA) of the Income Tax Act on retirement? Is the money received from an employer towards encashment of pending leaves be considered for exemption irrespective of the number of times I switch jobs?

Why young Indian professionals are making the shift to co-living

With steep rents cutting deep into their pay packets, younger professionals are left with no choice but to hunt for cheaper accommodation and co-living is emerging as a favourite.

HOW SMALL FACTORIES ARE POWERING ZETWERK

Despite the funding winter, the unicorn has been able to maintain its valuation

US eyes better ties with Vietnam, risks the wrath of China

The United States expects to elevate its diplomatic relations with former foe Vietnam to the top level as president Joe Biden travels to Hanoi in a week, in a move that may irk China and with unclear business implications.

US retailers voice alarm at rising theft, flash rob’ attacks

Toothpaste, chocolate, washing powder and deodorant-everyday products are increasingly under lock and key at US retailers, as petty theft and organized shoplifting rise while consumers grapple with costs of living.

Meloni skips investor forum to attend Fl

Investors hoping to hear from Giorgia Meloni at the annual Ambrosetti Forum -particularly on her interventionist moves on Italian companies were left disappointed when the prime minister opted instead to attend the Formula 1 Grand Prix just down the road.

A dismal bet that may turn out as the biggest IPO of the year

SoftBank’s lofty ambitions for chip maker Arm have fallen short. Now the market is about to issue its verdict

ITC to invest ₹1,500 crore in MP facility

Diversified group ITC Ltd on Sunday said it will be investing nearly ₹1,500 crore to set up an integrated food manufacturing and logistics facility and a sustainable packaging products manufacturing unit at Sehore in Madhya Pradesh.

Dubai to foster startups with Indian talent

New Delhi: Dubai seeks to woo tech talent from India to foster a startup ecosystem as part of its goal to double its gross domestic product (GDP) by 2033, Hadi Badri, the chief executive of economic development at Dubai’s Department of Economy and Tourism, said in an interview.

Forensic audits gain pivotal role in insolvency landscape

Rising instances of bankruptcy actions by creditors under India’s Insolvency and Bankruptcy Code (IBC) against distressed companies are fuelling the growth of forensic audits, and signifies the increasing importance of such audits in providing evidence for court proceedings, said experts.

Incentives in the form of gold, other assets may attract GST

Karnataka AAR has ruled that such sops should be classified as supply’ and be subject to GST

Price hikes, password-sharing curbs to shape SVoD's future in India

Streaming platforms Netflix and Disney+ Hotstar are in various stages of curbing password sharing in India, while others like Amazon Prime Video raised fees earlier this year, setting the course for subscription-based video-on-demand (SVoD) services in the country.

Uh govt committed to produce steel in Uh: Jeremy Hunt

UK chancellor Jeremy Hunt said the govern producing steel in Britain after a report of talks to provide public funding to Tata Steel Ltd's British business.

360 One pays ₹6k cr from pre-IPO fund

360 One Asset, the private equity (PE) and venture capital arm of 360 One WAM Ltd (formerly IFL PE), has returned around ₹6,000 crore to investors from the pre-initial public offering (IPO) fund.

Punjab study loan, visa statistics signal exodus

Spike in migration to Canada, Australia and Europe for studies and jobs

Adani rollovers show market not panicky

MUMBAI arkets do not seem to be showing major concern over the recent allegations against the Adani Group, which is evident from the derivative positions rolled over at the end of the August contract series.