CATEGORIES

PhonePe gets $100 mn more from General Atlantic, others

Investment at pre-money valuation of $12 billion aims to boost infrastructure, data centres

Wall Street's top banks failing key ESG test, shows new study

The six biggest banks on Wall Street are failing to live up to a key plank of their ESG commitments to stakeholders, according to a joint study published on Wednesday.

Rains not the only worry for mkts

This year, the risk of El Niño conditions loom. In this backdrop, how the monsoon pans out will be closely watched. What also matters is the timing of monsoon arrival and spatial distribution, crucial for reservoir levels.

India, Italy may finalize migration & mobility agreement

India and Italy are close to finalizing a migration and mobility partnership deal, according to persons aware of the matter, making it easier for Indian workers to travel to Italy.

Govt raises rent, consultation fees at CGHS hospitals

The health ministry has hiked consultation charges and room rents under the Central Government Health Scheme (CGHS) as it tries to persuade private hospitals to treat those covered by the subsidised programme.

India committed to reform, join us in this journey: FM

The finance minister is in the US to attend the spring meetings of the World Bank and IMF

End of online gambling in TN? It's not that simple

Tamil Nadu has banned online gambling, rekindling a campaign against gaming firms in India that has raged for over a year-and-a-half. The move came just three days after the Centre included gaming firms under its intermediary rules. Mint explains the controversy:

Industrialist Keshub Mahindra dies at 99

Veteran industrialist Keshub Mahindra, a champion of self-reliance and homegrown business who envisioned independent India as an industrial force, died on Wednesday morning. He was 99.

Blackstone's IBS stake gets 4 bids

Private equity investors Thomas H. Lee Partners, CVC Capital, Temasek and Apax Partners have placed bids for Blackstone Inc.’s stake in software products and services provider IBS Software, three people aware of the deal said.

Govt looks to resolve angel tax concerns

The department for promotion of industry and internal trade (DPIIT) is working with the finance ministry to resolve the concerns of startups regarding the contentious angel tax and fair market valuation, a top government official said.

India plans to turn airports into aviation hubs: Scindia

The government has set in motion a plan to transform Indian airports into aviation hubs--beginning with the Delhi airport--to ensure seamless connectivity and minimize connection time between flights, Union civil aviation minister Jyotiraditya Scindia said.

TCS net falls short as clients cut IT outlay

Customers turn cautious amid a banking crisis in US, Europe

China Plans Security Reviews For Services Similar To ChatGPT

China plans to require a security review of generative AI services before they're allowed to operate, casting uncertainty over ChatGPT-like bots unveiled by the country's largest tech companies including Baidu Inc.

SII suggests Covovax as a booster dose

Covovax has been added on CoWIN as a heterologous booster dose for adults.

SP Group weighs $2 bn asset sales

The Group may sell stakes in its flagship engineering business and some ports.

Kim to enhance war defences, cuts hotline with South Korea

North Korean leader Kim Jong Un called for \"practical and offensive\" war capabilities as his state issued a fresh warning to the US and cut communications links with South Korea used to reduce tensions on their heavily armed border.

China cos join offshore push

Chinese car parts makers are facing growing pressure from overseas customers to set up factories outside the country as mounting trade tensions and three years of Covid lockdowns make them wary of relying too heavily on China.

Vedanta in talks with Farallon to raise $1 bn

Vedanta Ltd., billionaire Anil Agarwal's commodities major, is in talks with US-based Farallon Capital Management to raise at least $1 billion, according to people familiar with the matter.

Sebi nudges AIFs to launch direct plans

To bring transparency in expenses and curb misselling, markets regulator Sebi has asked alternative investment funds (AIFs) to provide an option of \"direct plan\" for investors and introduced a trail model for distribution commission.

BankBazaar.com to go public

BankBazaar.com plans to go public in next 12-18 months

Prudent for global biz to diversify supply chains: FM

Speaking at the Peterson Institute for International Economics in Washington DC, Sitharaman said that however much one would think that supply chains would move out of China, that would not be the case.

IMD sees normal rainfall this season

Positive Indian Ocean Dipole likely to offset El Nino: forecaster. The probability forecasts suggest a 51% chance of a below-normal monsoon, Aditi Nayar of ICRA said

EV battery stocks in Korea add to this year's sharp gains

Korean stocks tied to the electric vehicles' battery space extended this year's frenzied rally on Monday, with market watchers citing a slew of positive developments in the sector.

India can help with peace: Ukraine

Emine Dzhaparova, first Ukraine's dy FM with MEA secretary Sanjay Verma, in Delhi

Gin maker eyes more spirits

Makers of Stranger & Sons gin, Third Eye Distillery Holdings Pvt Ltd which acquired a controlling stake in craft tonics and mixers brand Svami last year now plans to expand its presence laterally by acquiring other smaller drinks businesses in the country.

OIS market sees rate cuts before 2023 end

India's overnight indexed swap (OIS) rates are pricing in interest rate cuts by the Reserve Bank of India (RBI) with a clear timeline after the central bank kept rates unchanged last week, analysts said.

JSW One Platforms to seek NBFC licence

Japan's Mitsui & Co.-backed business-to-business (B2B) e-commerce startup JSW One Platforms is set to apply for a non-banking financial company (NBFC) licence, chief executive Gaurav Sachdev said on Monday.

'Banks must ensure outsourcing doesn't hit customer obligations'

The Reserve Bank of India on Monday came out with detailed norms for outsourcing of IT services by banks, NBFCs and regulated financial sector entities to ensure that such arrangements do not undermine their responsibilities and obligations to customers.

Russian deputy prime minister to visit India in April

Russian deputy prime minister Denis Manturov is expected to visit India this month, according to persons aware of the matter.

Glenmark weighs sale of API business to pare debt

Glenmark Pharmaceuticals Ltd is considering selling a majority stake in Glenmark Life Sciences to pare debt, said two people familiar with the development.