CATEGORIES

MDBs should partner private cos for development: Report

Development banks should change their approach in order to bring the private sector into the centre of efforts to mobilise finance for sustainable development strategies, according to the independent panel that advise G20 nations on improving the balance sheets of multilateral institutions.

'India could have played more active role in West Asia'

India could have played a more active role in West Asia, said Iranian Deputy Foreign Minister Ali Bagheri Kani, just months after China helped broker a key normalisation pact between Iran and Saudi Arabia.

Action plan to fight growing microbial resistance on cards

The Union health ministry is working on a national plan to combat anti-microbial resistance (AMR) that is becoming a public health threat, a government aware of the matter said.

'Announcements on chip fabs soon'

India will soon announce a 40 nanometre (nm) semiconductor fabrication unit and multiple compound fab proposals under the modified semiconductor investment scheme, minister of state for electronics and IT Rajeev Chandrasekhar said.

Go First may have to sign new leases before relaunch

Go First must sign fresh lease agreements for 30-35 aircraft since lessors have already terminated the previous ones following its insolvency filing, two people aware of the development said, delaying the low-fare airline’s plans for a quick return to skies.

Vedanta makes a fresh bid to sell steel biz ESL

After failed December attempt, Citigroup, JPMorgan mandated for sale

Sunak's migration law passes last hurdle

Rishi Sunak's Illegal Migration Bill is set to become law after clearing its final parliamentary hurdle, in a rare boost to the UK prime minister as he struggles to keep his pledge to stop asylum seekers entering by boat.

ARK writes down Twitter stake by 47%

Cathie Wood's ARK Investment Management has written down its stake in Twitter by 47% since Elon Musk took the social-media company private last year, Wood said in an interview.

Nations can boost climate work, China's Li tells US's Kerry

US and China are seeking to reset relations marked by tensions over trade controls, Taiwan and human rights

Goa's Mopa airport inks two hotel deals

The developer of Manohar International Airport at Mopa in North Goa has signed agreements to build two hotels at the plots earmarked for the purpose, three people aware of the matter said. An official announcement is expected this month.

'Find your customers, investors will follow'

Mashgin's system significantly speeds up the checkout process for buyers

No plan to raise capital: IndusInd CEO

IndusInd Bank clarified on Tuesday that it has no plan to raise additional capital, despite its promoter, the Hinduja group, seeking to raise its stake in the bank. With a total capital adequacy of 18%, the bank believes it is well-capitalized and will not look at raising fresh capital unless the core equity capital falls below 14%. Currently, the common equity tier 1 capital (CETI) or a bank's core capital stands at 16.44%.

Bombay HC to hear plea challenging Adani co's Dharavi win

The Bombay high court (HC) on Tuesday allowed a petition by Dubai-based Seclink Technologies Corp. challenging the Maharashtra government's resolution to award the Dharavi redevelopment project to an Adani group firm, a lawyer familiar with the matter said. Adani Properties had placed a bid of ₹5,069 crore to redevelop Asia's largest slum.

ADIA to enter GIFT City, more sovereign funds could follow

The International Financial Services Centre (IFSC), in Gandhinagar's GIFT City, has secured the backing of the Abu Dhabi Investment Authority (ADIA), which has $853 billion in assets.

Meity may bat for lower duty on electronics parts imports

Domestic manufacturing of mobile phones, gadgets may benefit from cheaper parts

Gupta's boAt to set sail for public markets only in FY25-26

Audio and wearables brand boAt, which had earlier deferred its public share sale plans amid stock market volatility, is \"not in a hurry\" to go for a listing, and is looking at FY25-FY26 timeframe for the IPO, co-founder Aman Gupta said.

Swarming Infosys shorts likely to feel pain if earnings recover

Bears on Indian technology bellwether Infosys Ltd may be in for a reckoning if the company's upcoming results show an expected recovery in orders.

Uth Beverage acquires online nutrition platform HealthXP

A company led by Samit Mehta, executive à director at drugmaker Emcure Pharma, has acquired HealthXP, an online nutrition and sports supplement brand, two people aware of the development said.

Welspun One Logistics Parks raises ₹1K crore for 2nd fund

Welspun One Logistics Parks, part of Mumbai-based conglomerate Welspun Group, said on Tuesday it has raised the primary target corpus of ₹1,000 crore ($122 million) for its second fund which marked its initial close in May.

RenewBuy secures $40 mn from Japan's Dai-ichi Life Holdings

Insurtech startup RenewBuy, run by D2C Insurance Broking Pvt. Ltd, on Tuesday said it has raised $40 million (₹328 crore) in an ongoing Series D round of funding from Japanese life insurer Daiichi Life Holdings.

Infosys wins $2bn AI deal from its existing client for five years

Infosys, India’s second-largest information technology (IT) services company by market capitalization, late on Monday said that it has signed a mega deal with one of its existing clients. In an exchange filing, the company said that the deal to provide artificial intelligence (AI) and automation development, modernization and maintenance services is valued at $2 billion, and will be spread over the next five years.

Zetwerk turns one of India's biggest startups by revenue

The company posted more than twofold jump in revenue to about ₹11,450 crore in FY23

India, Russia explore trade facilitation deal for quicker port clearance

India and Russia are exploring a deal on facilitating cross-border trade by cutting red tape so that consignments are cleared quickly at ports, improving efficiency in trade, an official said.

'EBRD will help Indian firms diversify'

Odile Renaud-Basso, president of the European Bank for Reconstruction and Development (EBRD), a multilateral development bank that funnels investments to build market economies, will be meeting Indian business leaders in New Delhi on Wednesday, 19 July.

Oppn bands together under INDIA banner to defeat NDA

Vow to fight for democracy, Constitution and people 'reeling under inflation, unemployment'

Adani assures focus on governance at shareholder meet

Billionaire Gautam Adani emphasized his group’s commitment to improving governance standards during Adani Enterprises Ltd’s (AEL’s) first shareholder meeting after allegations of stock manipulation and accounting fraud made by US-based short-seller Hindenburg Research earlier this year.

Ukraine torpedoes G20 policymakers' statement

India releases chair summary as members fail to reach accord on official statement

Why Home Loan EMIs Are Unlikely To Ease Soon

The war against inflation isn't over. is highly unlikely that RBI will cut interest rates in August

Viral Trends Make The Daily 10,000 Steps Fun

Trends like Weird Walk and Hot Girl Walk® have given a new glow up to walking, the most basic form of exercise. And everyone's joining in

Without Sleep, Exercise Doesn't Do Much Good

A new study finds an important link between sleep, exercise and cognition