CATEGORIES

Vedanta Aluminium, GAIL ink supply pact

Vedanta Aluminium on Wednesday said it has entered a pact with state-owned gas utility GAIL (India) Ltd for the supply of natural gas to its smelter at Jharsuguda, Odisha.

RBI bullish on India's economic outlook

The slackness in economic activities in the September quarter is behind and the medium-term outlook remains bullish as the country's innate strength reasserts itself, the Reserve Bank Bulletin said on Wednesday.

Frooti maker faces 12% revenue drop

Beverages company Parle Agro Pvt Ltd that sells Frooti and Appy Fizz brand of drinks reported a 12% drop in standalone revenues for the 12 months ended 31 March 2024, according to data shared by business intelligence platform Tofler.

Exit polls tilt towards BJP in Maha; Jharkand is a tight race

Mahayuti may have an edge over Maha Vikas Aghadi in Maharashtrefs elections

It isn't just data centers—AI's plumbing needs an upgrade

The coming wave of artificial intelligence usage won't just strain data centers and power grids—it will also stress the country's network capabilities.

American companies are stocking up to get ahead of Trump's China tariffs

Businesses plan to stockpile, raise prices and accelerate shift to manufacturing elsewhere

North Korea sent a mystery man to lead its troops fighting Ukraine

In a country that fetes its military elites like celebrities, Col. Gen. Kim Yong Bok was rarely seen or even mentioned in public. His role leading North Korea's special forces required him to keep a low profile to conceal his identity. But now he is a very public figure.

Piramal unfazed by Trump-led uncertainty in its biggest market

Trump's plan to impose import tariffs has ramifications for pharma firms but Piramal is betting on its US facilities

Blockbuster pricing: Box office booster or keeping viewers away?

The strategy of pricing film tickets exorbitantly during festivals such as the recent Diwali weekend on the assumption that people have more money at their disposal during the holidays has divided theatre operators and experts.

Insolvency board seeks to limit liquidators, discretion

The Insolvency and Bankruptcy Board of India (IBBI) has sought to limit the discretion of officials authorized to liquidate insolvent companies and has said they must consult creditors compulsorily when rejecting the highest bids.

Steelmakers place hopes on Q4 as prices stay at 4-yr low

Despite hints ofa rebound, prices in QB are expected to be lower by ₹l,500-2,000 per tonne

NTPC eyes green fuel offtake to 2 MNCs

Australian mining major Fortescue is in talks with NTPC to produce green hydrogen at its ₹1.85tn hub in Andhra Pradesh

Apple's India revenue climbs 36% in FY24

The tech giant has been Scoring record quarterly sales in India Since 2023

SC's tax credit ruling gives relief to telcos

Overturns 2014 verdict denying telecom firms credits for these items

Adani mulls surrendering 5G spectrum

Adani Data Networks, a subsidiary of Adani Enterprises, which bought 5G spectrum in the 26 GHz band in the 2022 auctions, is mulling surrendering the airwaves after over two years of not using them, said four people aware of the development.

Risk to Sobha's ambitious FY25 pre-sales guidance looms

After a muted first half (H1FY25), South India-focused realty company Sobha Ltd is lagging on pre-sales and new launches.

OfBusiness hires Axis, JPMorgan, Citi for 2025 IPO

Of Business is unconcerned by the recent market correction in India, said Nitin Jain, the firm's co-founder

Hyundai's margin woes persist

Hyundai Motor India Ltd's lukewarm stock market debut in October was followed by an equally underwhelming maiden quarterly performance.

Hotels looking to tap into IPO frenzy fuelled by new-age firms

The confidence to tap the market is backed by a strong comeback, thanks to a surge in travel after the pandemic

Why retail investors continue to root for underdogs

India's retail investor landscape is undergoing a dramatic transformation. While a diverse range of stocks has captured the fancy of individuals fishing in the equity markets, the mid- and small-cap segment—perceived as riskier but with higher potential returns—remains a key draw.

GDP growth may have moderated to 6.5% in Q2, says Icra

India's GDP growth is likely to have slowed marginally to 6.5% in the second quarter of FY25 from 6.7% in the previous quarter, primarily due to heavy rainfall, weak corporate margins, and subdued exports, according to rating agency Icra.

Govt to revise rules for radar-based vehicle speed guns

The department of consumer affairs is finalizing new rules to regulate radar equipment used for measuring vehicle speeds, a move that aims to improve road safety.

Centre eyes 95% of undershot capex target for FY25: Ajay Seth

The government's capital expenditure (capex) for FY25 is projected to align closely with last year's spending, at around 95% of the allocated target, though the target itself may be undershot, Ajay Seth, secretary of the department of economic affairs (DEA) said on Wednesday.

Akshaya Patra set to serve meals in Indonesia, Kenya

Indonesia has plans to launch a free meal programme for schoolchildren, inspired by India

Surrogate ads via CSR under scrutiny

The CCPA has invoked Clause 13 of the existing guidelines for the prevention of misleading advertisements

EESL to sell entire 49% in smart meter joint venture

State-run Energy Efficiency Services Ltd (EESL) plans to sell its 49% stake in IntelliSmart Infrastructure Pvt. Ltd, its joint venture with National Investment and Infrastructure Fund Ltd (NIIF) for smart metering and digital solutions, two people aware of the development said.

Advent in talks for VIP majority stake

Promoters put entire 51.74% stake on block; open offer to follow

Change in extreme loss margin likely to have outsized effect

A seemingly innocuous change to strengthen the index derivatives framework may have a largerthan-anticipated impact on option trading volumes when it is applied on Thursday for the first time at the expiry of the weekly Nifty options contracts, market experts said.

Meta: An Antitrust Case That Sent A Privacy Alert

WhatsApp's owner was fined for abusing its market heft, but what it did also sparked an online stir over privacy-the protection of which under India's new law is keenly awaited

RBI cautions about Das deepfake video

The Reserve Bank of India (RBI) on Tuesday cautioned public against \"deepfake\" videos of the governor being circulated on social media that claim the launch of or support to some investment schemes by the central bank.