CATEGORIES

Oil surge to $80 shows long-awaited market tightening is here

Betting on a tighter oil market has been a bad trade for most of this year. But there are signs it's finally paying off.

Jio Fin demerger, QI earnings to keep RIL stock in focus this week

Reliance Industries Ltd (RIL) saw its stock surge to a 52-week high of ₹2,802 last week aided by the announcement of the record date for demerger of its financial services business, and analysts expect the conglomerate to remain in focus ahead of its June quarter results.

TriVeda bullish on realty fund

TriVeda Capital, a residential real estate-focused alternative investment firm, expects to generate faster cash flows from its maiden fund as it plans to invest in plotted residential projects that have a shorter gestation period than high-rise apartments.

Easebuzz eyes lending foray this fiscal year to chase revenue goal

8i Ventures-backed Easebuzz, which provides digital payments solutions, plans to enter the lending business in a bid to diversify its product offerings to bolster its aim to double revenue in the current financial year.

Genleap US IPO plan gets $50 mn boost from GEM Global

Genleap AI Inc. has secured an investment commitment of $50 million (₹410 crore) from Luxembourg-based alternative investment group GEM Global Yield LLCSCS. The investment will support the US-and Indiabased artificial intelligence-focused startup's plan to go public in the US.

'Hope to invest ₹2-3K crore in India over three to five years'

Copenhagen-based Investment Fund for Developing Countries (IFU) has made more than 100 investments in India so far. In fact, the country is the top investment destination for the Danish development finance institution.

Centre sets stage for mining reforms

The government plans to ease the process of composite exploration licences, smoothen mining clearances and relax the rules for captive mining, two people aware of the development said, outlining planned reform measures.

Telecom bill may not make it to monsoon session as talks continue

The government is unlikely to table the new telecom bill in the monsoon session, said two people familiar with the development, as it is yet to get Cabinet approval.

Govt defers tariff cut for EU tech goods to save local cos

MeitY raises concerns at proposed cuts; India has offered concessions in EU FTA negotiations

Sovereign gold bond sales hit record ₹4,600 cr in Jun

A mid last month's stock market breakout, Indians purchased the largest quantity of sovereign gold bonds (SGBs) at 7.77 tonnes worth a whopping ₹4,604 crore in the first series of this fiscal year, underscoring the preference for an asset that acts as a hedge against inflation and a safe-haven asset at times of global uncertainty.

Electricity assets worth ₹15K cr set for monetization

The Union power ministry aims to raise around ₹15,000 crore through asset monetization in FY24, close to the previous year's target of ₹15,308 crore, a person aware of the development said. However, the government could raise only around ₹9,400 crore in FY23.

Will not let Russia evade curbs: Yellen

The US and its allies are building on actions to \"crack down\" on efforts by Russia to evade sanctions for its invasion of Ukraine, treasury secretary Janet Yellen said on Sunday.

'Non-tax sops better for wooing investors'

At advanced stage of formulating Bill to replace SEZ Act: Malhotra

Wimbledon's depth of startling talent

The depth of the field and diverse talent at Wimbledon leads to an addictive unpredictability, akin to being at a casino

The Balkans: born from the fires of war

The countries in the region offer a peek into the horrors of war, and the craving for peace

Govt effort on to curb vector-borne diseases

Union health ministry sounds alarm after record rainfall in North India

Volume gain, price pain ahead for cement companies

All-India cement prices per 50-kg bag averaged ₹355, lower than ₹358 in previous quarter and ₹365 a year ago

Goods exports, imports fall over 20% as demand cools

Trade deficit shrinks to $20.13 billion in June against $22.07 billion a year earlier

Wipro scanner on contract staffing after TCS scandal

The IT sector is one of the largest recruiters from engineering colleges but may slash campus hiring by 40%

BYD, Megha Engg to form EV venture

China's BYD Co has submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters.

Sensex ends above 66K as tech stocks lead rally

Nifty too hits new record at close; positive US data aids confidence

Aspartame 'possible carcinogen' but safe at present level: WHO

Scientists with no links to the WHO reviews said the evidence that aspartame caused cancer was weak

Maharashtra gives its nod to Adani's Dharavi project

The Maharashtra government has approved the Adani group’s proposal to rehabilitate residents of Mumbai’s 590-acre Dharavi locality, home to over 900,000 Indians, almost eight months after the conglomerate won a tender to develop India’s largest slum.

Taxman eyes biometrics, special devices to check GST regn fraud

Biometric authentication is set to replace one-time passwords (OTPs) in GST registration as the government attempts to prevent the use of stolen and fake identities, a top tax official said.

Isro launches Chandrayaan-3

The Indian Space Research Organisation (Isro) on Friday successfully deployed Chandrayaan-3, India’s third mission to the moon, in orbit. The mission comes four years after the Chandrayaan-2, the second mission, failed to make a soft landing on the Moon.

Puree, paste demand up

Companies selling more speciality products such as pizza sauces are feeling the impact of the shortage and price hikes

Govt taps farmers as tomato prices soar

Tomato supply at discounted rates to help moderate prices

Bollywood sings the royalty blues

Hindi film composers, singers and lyricists have agitated for decades for royalties on their own music. Though there are still plenty of hurdles, a recent historic judgement may have them singing a happier tune

Akasa Air Is A Long-Term Bet For Jhunjhunwala Family: CEO

Akasa Air is a long-term investment for Rare Enterprises and the Rakesh Jhunjhunwala family, the airline's founder and chief executive officer Vinay Dube said, pointing to the lengthy investment horizons of the late legendary investor.

Delhi Reels As Yamuna Swells; North India Fights Rain Chaos

Delhi's situation may get worse with more water released from Hathnikund