CATEGORIES

Chevron to acquire Hess for $53 bn in oil megadeal

Chevron will pay $171 a share for Hess, a premium of 10% to the 20-day average price

RBI's $5 bn swap maturity causes flutter, no major turbulence

The maturing of the Reserve Bank of India's $5 billion swap on Monday led to a surge in demand for cash dollars and a drop in the overnight swap rate, but did not cause major disruptions in the premium and spot forex markets.

'Govt is cautious amid surge in bond yields, prepared for action"

The Indian government is cautious about the \"unexpected\" spike in government bond yields and may take remedial action if necessary, a government official said on Monday.

FRSB retail buys via RBI portal

The Reserve Bank on Monday said retail investors can subscribe to Floating Rate Savings Bonds, 2020 (Taxable) through its Retail Direct portal.

China's tech gauge falls to record low

China's gauge of tech equities fell to the lowest since its inception more than three years ago, worn down by concerns over higher US rates' impact on global liquidity and a weak export outlook.

Edelweiss Alt raises $1 bn fund

Edelweiss Alternative Asset Advisors (EAAA), the alternative asset arm of Mumbai-based financial services firm Edelweiss Financial Services Ltd, said on Monday it has raised $1 billion, or about ₹8,000 crore, for its third special situations fund.

Members-only hotels group Karma to invest $100 million

Karma Group, a member-only hotel enterprise overseeing 45 resorts worldwide including 15 in India, is looking to invest $100 million over the next three to four years, a top company executive said.

Need to create more jobs in farm sector: Ramesh Chand

Increasing use of labour-saving technologies such as robotics and artificial intelligence in manufacturing warrants creation of more jobs in agriculture and allied sectors, where new opportunities are emerging, according to NITI Aayog member Ramesh Chand.

Biofuels alliance eyes more members

India-backed Global Biofuels Alliance (GBA) is looking for more countries to join it from South-east Asia and Africa after the Philippines and Tanzania became the latest entrants.

'Coal stock higher than last year; adequate supplies'

India's coal stock currently stands at around 71.35 million tonnes, 18.05% higher on a year-on-year basis, the coal ministry said on Monday.

Site checks at mine blocks to identify likely auction issues

Video brochures, team studies among innovative ways to pique investor interest

Centre rolls out quality mandate for copper, drums

The union government on Monday mandatory notified quality norms for copper products, and drums and tin containers to curb the import of inferior quality goods and boost domestic production.

Cook can't make iPhones without this Chinese firm, its CEO

At a time when Apple is generally trying to depend less on China, the company is relying more on one Chinese firm whose skill at assembling the tech giant's products has proven too valuable to dismiss.

JSW readies for CBAM era with 4 mt green steel unit

JSW Steel Ltd, India's second-largest maker of the alloy, plans to establish a green steel manufacturing facility by 2030 as part of its response to the European Union's (EU's) Carbon Border Adjustment Mechanism (CBAM), said Jayant Acharya, joint managing director and chief executive.

Bright outlook for India despite global challenges, says FinMin

India's economic outlook remains bright thanks to strong fundamentals, higher private consumption and increased investment demand, the finance ministry said, while pointing to the risks from higher crude prices due to the war in West Asia, a flood of US treasury bonds, and the US monetary policy squeeze.

Gold seizures in poll-bound states rattle industry

India's gold trade is staring at a potential loss of ₹6,000 crore this festival season as authorities clamp down on transport of the precious metal in poll-bound states, an industry official said.

...But IPOs around Diwali hold out a tale of hope

More than half a dozen companies aim to raise as much as ₹6,000 crore via initial public offerings (IPOs) in the run-up to Diwali and the weeks following the festival, leveraging the current market liquidity and investor enthusiasm.

Stocks plunge on US bond yields surge, escalating Israel conflict

Jittery retail, affluent investors trigger sell-off in small- and mid-cap stocks, eroding ₹7.5 tn in wealth

The benefits of having pets at the workplace

Some offices in India that have adopted pet-friendly policies have seen how it has helped employee growth and happiness

One cannot count on waking up early to achieve success in life

Deterministic assertions may attract us, but, as with equity returns, it's complex probabilities that determine real outcomes

A Damocles sword hangs above laptop importers

India's government has softened its policy on imports, opting for a calibrated strategy to get laptops made locally. As it still risks pushing up our cost base, we need to track local prices

India sends relief material, medical aid for Palestinians

38.5 tonnes of humanitarian aid flown to Egypt's Sinai region for civilians at Gaza

US beefs up Mideast military assets as Israel ups offensive

US says it will strengthen its defence posture in region following recent escalations by Iran and its proxy forces'

South Korea, US, Japan hold first trilateral aerial exercise

The South Korean, US and Japanese militaries conducted their first-ever trilateral aerial exercise on Sunday in response to evolving North Korean nuclear threats, South Korea's air force said.

China, Philippines trade blame over South China Sea collision

China and the Philippines traded accusations over a collision in disputed waters of the South China Sea as Chinese vessels blocked Philippine boats supplying forces there on Sunday in the latest of a series of maritime confrontations.

'Disney+ Hotstar is here to serve many Indias, not one'

Streaming app to focus equally on original web content, and sports events like Wimbledon

China tax authority checks on Foxconn

Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, according to local reports Sunday.

Kotak Mahindra Bank stock may open higher on CEO approval

Analysts expect the shares of Kotak Mahindra Bank Ltd to open higher on Monday, potentially outperforming benchmark indices, driven by the banking regulator's approval of the managing director and chief executive candidate and quarterly earnings that met analysts' expectations.

Festive buying spree cheers luxury brands

Luxury goods demand is also emerging from cities beyond the top metros

Coforge to spin off public sector as separate vertical

Coforge, the mid-sized IT services company which is achieved over $1 billion in annual revenue in the last quarter of FY23, is planning to spin off a standalone public sector division by the year-end. The sector's resilience is a catalyst for this strategic focus on establishing a separate public sector entity, Sudhir Singh, the chief executive, said in an interview.