CATEGORIES

Admit UBI's claims of ₹208 cr: NCLT directs liquidator

The Mumbai bench of the National Company Law Tribunal (NCLT) has directed the liquidator of insolvent firm Bharati Defence and Infrastructure Ltd to admit Union Bank of India’s claim amounting to ₹208 crore as an operational debt.

'Visa-free travel best way to draw tourists'

The Indian travel industry is gaining momentum globally, with countries announcing visa-free arrivals for Indian passport holders. It is expected to boost outbound travel from the second-largest travel market.

Rice on the cusp of fresh 15-year high in Asia after sharp rebound

Rice prices are on track for a new 15-year high, threatening to spark more angst in Asia and Africa where the grain is the staple for billions.

Manappuram Finance sparkles as focus shifts to non-gold loans

With domestic gold prices hovering near record highs, shares of Manappuram Finance Ltd and Muthoot Finance Ltd, two major non-banking gold financiers, have been shining. But one of them has sharply outperformed the other. Over the last six months, Manappuram Finance Ltd's shares have gained over 40%, while its larger peer Muthoot Finance Ltd has seen only a 27% rise.

Siemens' capex, spin offs in focus

Investors in shares of Siemens Ltd have had a remarkable 2023 so far with the stock rising by 29%. The company's robust order backlog and focus on high growth areas such as digitalisation, automation, and energy efficiency products has boosted sentiment. Plus, improving prospects in the capital goods sector has had a positive bearing on the stock.

Alibaba's value dips below upstart PDD's in landmark for China

Alibaba Group Holding Ltd is set to lose its position as China's most valuable e-commerce firm to eight-year-old upstart PDD, a watershed moment for an internet industry that Jack Ma's iconic firm dominated for more than a decade.

'130 mn 5G users in India by end-2023'

India will have 130 million 5G users by the end of this year, within just over a year of consumer 5G services being launched in the country. India’s 5G user base has more than tripled from last year—and is expected to rise to 860 million subscribers by 2029, according to the Ericsson Mobility Report 2023 published Thursday.

How Cisco broke out of its slow growth trap in India

Globally the company’s revenue was stuck for nearly a decade but in India it doubled

Global players to be invited to make hydrogen-powered trains

India proposes to invite global players to manufacture hydrogen-powered trains in the country, based on technology being developed indigenously.

COP28 to focus on methane reduction

Countries gathered at the COP28 summit that started on Thursday will focus on cutting methane gas emissions as the \"easiest, quickest and cheapest\" way to deal with the climate change crisis, said US special presidential envoy for climate John Kerry.

ONDC's transaction volume surges to 4.7 million: MD

As per an assessment by ONDC, it will be able to reach 1.2 billion transactions by 2027

Fewer hirings, stagnant pay, as IITs brace for grim season

HFT and quant firms are ready to roll out crore-plus offers but with very few vacancies

Tata Tech soars 163%, registers highest listing gain in two years

Investors chasing listing-day gains made a killing on Tata Technologies Ltd, which debuted on the Street with the best gains in two years for an offer above ₹500 crore. The stock gained 162.85% from its issue price of ₹500 to close at ₹1,314.25 on Thursday, the highest since digital analytics firm Latent View Analytics Ltd listed at a 169% premium on 23 November 2021.

JSW gets 35% in JV with SAIC Motor

JSW Group on Thursday said it would own 35% in a newly created joint venture (JV) with SAIC Motor Corp. Ltd (which owns MG Motor India) that would focus on electric vehicles (EVs), with a plan to turn majority shareholder in two years. JSW executives said the rest of the ownership of the JV has not been decided yet, but the JV would help transform MG Motor’s operations in India as well. A JSW Group spokesperson did not comment on the value of the 35% stake.

'Shriram needs to shift to insurance'

The Shriram Group will need to shift its focus from its mainstay lending business to insurance amid tighter regulation and rising competition from banks, said R. Thyagarajan, who founded the financial conglomerate as a chit fund nearly half a century ago.

GDP blitz at 7.6% lays ground for FY24 show

Mining, manufacturing, construction fuel Q2; core sector grows 12% in Oct

Black Friday Deals Did Not Get US Shoppers To Buy Very Much

American retailers will have to dangle better offers to excite folks

COP28: Should You Expect Anything Earth-Shaking?

All negotiations—on emission reduction, energy transition and climate action—will eventually be tied to climate finance

Google To Tackle Deepfakes The Right Way, Says V-P Mitra

It is working on a policy for content creators and dissemination, as Centre mulls new law

When headhunters turned intelligence gatherers

Anew book narrates the role that Naga warriors played in the Allies’ Stand against Japan in one of the most decisive battles of World War II

Our G20 presidency marked the dawn of a new multilateralism

It also amplified the Global Souths voice, championed development and fought for the empowerment of women everywhere

Caution: The watchword for bond index inclusion

The RBI Governor is right to be wary of Indian bonds being included in a major global bond index from next year. As a double-edged sword, its risks require close consideration

Beating the index has been too easy this year, almost

A market rally over the last six months has pushed up valuation of small-, mid-caps significantly

Sri Lanka, creditors seal $5.9 bn debt deal

The nation has been trying to reach restructuring deals since last year

India readies global norms for its traditional medicines

The ministry is currently setting up a technical committee for Ayush within ISO.

Satellogic, Tatas sign contract to build Leo satellites

Tata Advanced Systems Ltd (TASL) and NASDAQ-listed Satellogic Inc have signed a strategic contract to build low earth orbit (LEO) satellites in India, the companies said on Wednesday, adding that TASL will commission a satellite plant in Karnataka.

Rock & Storm Distilleries set to expand with ₹100 cr investment

Delhi-based also beverage manufacturer Rock and Storm Distilleries Pvt. Ltd is set to expand its presence across India with an investment of 100 crore over the next 3-4 years, director Vinay Khare said in an interview.

Star-studded, high-budget spectacle films fizzle out after big openings

Contrary to the perception that big-budget films featuring mainstream stars and high on visual spectacle or slick action stunts are shining at the box office, especially post covid, recent Bollywood titles such as Tiger 3, Adipurush, and Ganpath have fizzled out, in some cases, failing to build on big openings.

IAG Cargo to tap Indian airlines to lift volumes

‘India an enormous opportunity; consistently best performer for IAG Cargo’

SocGen downgrades Indian stock market

India's upcoming general election will bring volatility to its stock market at a time when the economic growth outlook is moderating, Societe Generale SA strategists wrote, downgrading the nation's equities to neutral from overweight.