CATEGORIES

Indian exporters brace for price hikes

Indian exporters may have to continue bearing rising shipping costs as normalcy eludes the Red Sea region and freight companies continue to avoid the Suez Canal, opting for the longer route around Africa to reach the West.

Rajasthan govt wants to continue Congress health plan

The new BJP government in Rajasthan has sought the union health ministry's approval to integrate the previous administration's Chiranjeevi health insurance scheme with the Centre's Ayushman Bharat programme, two officials privy to the matter said.

'India should weigh lithiumion options for e-mobility'

Sood specifically mentioned sodium-ion and aluminium air batteries as alternatives to lithium

Tech stocks' AI hangover might just be getting started

One thing already seems certain about 2024: AI is going to need to start showing the money. Whether it can is a whole other question.

Nicobar shipping hub tender likely next month

The government plans to invite financial bids next month for the 18,000 crore first phase of international container transshipment terminal proposed to be built in Great Nicobar.

Divestment target for FY25 may be at least 20% lower

The government a divestment may set target for the coming fiscal year that is at least 20% lower than what was estimated for the current year, two people aware of the development said.

Dec manufacturing at 18-month low as output, orders cool

The pace of growth in India's manufacturing activity fell to an 18-month low in December as output growth and new orders softened, a private survey said on Wednesday.

Relief for Adani as SC lifts Hindenburg report cloud

No grounds for special investigation; Sebi to conclude its probe in three months

Vedanta's bond plan passes test, gets space to deleverage debt

Vedanta Resources, the London-based parent of India's Vedanta Ltd, has bought itself breathing room as it received investor consent on Wednesday to delay the maturity of a cumulative $3.2 billion of its outstanding corporate bonds.

After A 35% Box Office Jump In 2023, Bollywood Stares At Challenges

The Hindi film industry is likely to have recorded a 30-35% increase in total box office collections in 2023, signalling much better times than the two years after covid when neither star vehicles nor mid-budget cinema was finding acceptance.

Israel-Gaza War Claims 22,000 Lives, With No Let-Up In Fighting

Israeli forces attacked Khan Younis in the southern Gaza Strip with tank fire and air strikes on Tuesday, residents said, and Israeli ground troops and Hamas militants also battled in other parts of the shattered Palestinian enclave.

Ready, Reset, Go: Looking Ahead To Sport In 2024

Athletes are experts at hitting the reset button. Between points, during matches, through the ebbs and flow of the season, after injuries.

Report Says Musk's X Value Cut By Another Fidelity Write-Down

Elon Musk's X is now worth less than a third of the price the billionaire paid for the former Twitter Inc., according to Axios citing disclosures by Fidelity, which helped him complete the $44 billion purchase.

Watch out for a debt crisis that's emerging from the Global South

Multilateral institutions like the World Bank and others should act decisively before todays situation spirals out of control

Reverse India's trend of trade barriers going up

Global trade patterns are in flux but there's an optimist's case for us to lower import tariffs to sharpen domestic competitiveness. It will also support our global value chain ambitions

'Dec quarter results will have a bearing on market returns'

The broader market indexS&P BSE 500 Index-ended the year with close to 25% returns. Singapore-based Samir Arora, founder of portfolio management services (PMS) firm Helios Capital, says that market returns in annualized terms over the last two years are more or less in line with returns over different periods.

India feeds strategic partners despite ban on rice exports

Nepal, Bhutan, and Asean region, among others, were recipients of India’s largesse

Russia missile strikes intensify aerial war with Ukraine

Ukraine said at least four people were killed in Russian missile strikes in the early hours of Tuesday that mainly targeted the country's largest cities, Kyiv and Kharkiv.

Japan quake toll rises to 48, many feared trapped in cold

Authorities confirmed 48 deaths, all in Ishikawa prefecture, making it Japan’s deadliest earthquake since 2016

VRO Hospitality raises $10 mn to expand

Bengaluru-headquartered VRO Hospitality, which operates 42 lounges and bars in the country, has raised $10 million in a bridge funding round led by Axis Bank and venture capital firm Gruhas, which is backed by Zerodha co-founder Nikhil Kamath.

InvAscent aims to sell stake in Aizant Drug

The stake-sale deal is expected to value the drug firm at 350-4.00 million

Focus on provisions, capital in draft bank dividend norms

The Reserve Bank of India (RBI) on Tuesday issued draft norms on declaring bank dividends, laying down eligibility criteria and guidelines on board oversight.

Truck strike: Solution in sight as govt extends olive branch

Govt says truckers will be consulted before finalizing code, asks drivers to return to work

Markets turn choppy as domestic investors book profits

Sharp volatility gripped the indices, which swung wildly between high and low on Day 2 of the new year, as DIIs and retail/HNI (high networth individuals) booked profits and FPIs purchased shares at the lows.

Rally in tech stocks faces earnings test

The rally in technology stocks in India may face a speed bump next week as companies report their December-quarter earnings in the face of rising scepticism among analysts.

Markets turn choppy as domestic investors book profits

Sharp volatility gripped the indices, which swung wildly between high and low on Day 2 of the new year, as DIIs and retail/HNI (high networth individuals) booked profits and FPIs purchased shares at the lows.

States' debt cost crosses 7.7%; spread with G-Secs over 50 bps

At the first weekly auction of the last quarter of 2023-24, the states saw their interest burden sharply rising to cross the 7.7 percentage mark on Tuesday, leading to the spread between cut-off of 10-year state bonds and the G-Sec yield crossing the 50 basis points mark for the first time in two years.

Should Coal India's investors worry, after a stellar rally in stock?

Coal India Ltd (CIL) has kicked off 2024 with a bang. Shares of the mining major hit a new 52-week high for the second consecutive day on Tuesday.

Two-wheelers may race ahead in 2024

The Nifty Auto index gained considerably in 2023, emerging as the second-best performer among sectoral indices, rising nearly 48% vis-à-vis the Nifty 50 index's 20% gains.

Ansapack picks up strategic stake in Rich Printers

Pharma packaging solutions provider Ansapack Pvt. Ltd has acquired a strategic stake in Rich Printers Pvt. Ltd through its folding carton division, Ansa Folding Carton. Rich Printers offers offset printing as well as other services across sectors.