CATEGORIES

Akasa Air eyes IPO by end of decade, 76 planes by 2027

India's newest airline Akasa Air, which is set to soon fly on international routes and will be placing a three-digit aircraft order, plans to list on the bourses by the end of the decade, its chief executive officer Vinay Dube told PTI.

Tech services firms plough through a fiscal to forget

Cautious clients have cut down discretionary projects, a key profit-driver of Indian IT firms

SME IPOs thrive in 2023 as super-rich, family offices scoop up shares

Strong participation of family offices as well as high-net-worth individuals (HNIS), adequate market liquidity, and optimistic investor sentiment have amplified interest in small and medium enterprise (SME) IPOs, with 139 such firms garnering ₹3,540 crore through initial share sales in 2023 so far.

UltraTech requires more than volumes

Investors in UltraTech Cement Ltd's shares need two things to go hand-in-hand: volumes and price realizations. The company's capacity expansion plans seem to be on track, but hopes of cement prices staying high consistently could get dashed.

Best days behind for ITC stock?

The era of ITC Ltd stock's spectacular run may be nearing an end. So far in 2023, the shares gained 32%, after having risen as much as 52% in 2022. Yes, the stability in taxes and clampdown on illicit trade by enforcement agencies is aiding volumes in ITC's mainstay cigarettes business.

InCred wraps up fundraising for first pvt credit vehicle

InCred Alternative Investments Pvt. Ltd, which marked the first close of its maiden private credit fund in November 2022, has hit the final close, a top executive said.

Funding grows but M&As hit

Private equity and venture capital deals continued to rise, though last week saw only a slight jump in terms of deal value as compared to the week before.

Birla Tyres to become Himadri's subsidiary after ₹347 crore deal

Co says it will make the bulk of payment in the joint resolution plan with Dalmia Bharat Refractories

British rice industry fears trade pact with India will destroy local mills

A £1 billion ($1.2 billion) corner of the UK economy is fearing for its future as Britain and India close in on a long-awaited free-trade agreement.

'India, UAE can broaden economic ties'

India and the United Arab Emirates are looking to identify and incorporate commodities to diversify trade between the two countries, UAE ambassador to India Abdulnasser Alshaali said in an interview.

Govt plans ₹30,000 cr push to expand crop cover portal

Aim to include ponds, tractors, livestock and palm trees to make it a comprehensive platform

How sneaker maker Nike fell behind in the innovation race

Nike made a swift comeback earlier this month in the super-shoe fight when marathon runner Kelvin Kiptum set a world record while wearing a new iteration of the company's Alphafly 3. But the sneaker maker is losing steam in other races.

Odds are stacked against engineering Class of 2024

The Bengaluru twins Infosys Ltd and Wipro Ltd, which together hired 208,000 engineering graduates in the past three years, have said they don't plan to go to the campuses this year.

Probe into Mumbai airport to focus on GVK's alleged lapses

The investigation into the books of the Adani Group's Mumbai International Airport Ltd (MIAL) and its arm executing the Navi Mumbai airport ordered by the ministry of corporate affairs (MCA) earlier this month will focus on allegations of financial irregularities under its previous owner, the GVK group, a person familiar with the investigation said.

Vaswani to steer Kotak's bid for digital leadership

Months after taking over as chief executive of Barclays UK in 2016, Ashok Vaswani made a 12-page presentation at the Bank of America Merrill Lynch Financials Conference that showed his willingness to put digital banking at the forefront of customer strategy.

US checks if foreign banks followed cap on Russia oil

A US government office is checking whether foreign banks operating in the US conformed to the G7 price cap of $60 a barrel for Russian oil, a person aware of the matter said.

Dutch FPIs face tax concerns following apex court ruling

Foreign portfolio investors (FPIs) based in the Netherlands face tax concerns following a Supreme Court verdict last week pertaining to the interpretation of Double Taxation Avoidance Agreements (DTAAS).

Bank privatization review on the cards

A panel is likely to identify potential privatization candidates

Pets, too, must hydrate

Urinary tract problems in pets are easy to miss but the solution is simple: get them to drink enough water

There is room for all types of Durga Puja 'pandals'

Ever since Durga Puja was declared Intangible Cultural Heritage of Humanity in 2021, the 'pandals' have felt a need to have their messaging on point

HOW MUCH WATER DOES CHATGPT CONSUME?

Al requires energy and water. While firms are working on reducing their carbon footprint, users too need to be discerning in how they use Al

The right idea for the future of phones

The Google Pixel 8 Pro gives an early glimpse of how life with Al in everything will look, making it feel unique despite it being almost entirely run-of-the-mill

The many contemporary shades of Prussian blue

In this ongoing exhibition at KNMA, 19 contemporary artists interpret Prussian blue in the context of their work

Experiments with music at Jodhpur RIFF

The Rajasthan International Folk Festival will present experiments by 300 artists

Israel not for long-term control of Gaza

Israel said Friday it does not plan to take long-term control over the Gaza Strip after an expected ground offensive to root out Hamas militants that rule the territory. The Israeli military punished Gaza with airstrikes, authorities inched closer to bringing aid to desperate families and hospitals, and Muslims around the world protested in solidarity with Palestinians.

US nuclear test raises concerns of a new arms race

The US conducted a high-explosive experiment at a nuclear test site in Nevada just hours after Russia revoked a ban on atomic-weapons testing, prompting concerns of a new arms race between the world's top nuclear powers.

‘India has no plans to limit Canada trade, investment'

India is not planning to impose any measures to curb imports or investments from Canada, despite simmering diplomatic tensions between the two countries, two senior government sources in New Delhi said.

India counters Canada's claims

Rejects accusations by Ottawa that New Delhi is violating international rules as dispute over diplomats escalates

JSW Steel posts ₹2,773 cr profit, cites infra thrust

Sajjan Jindal-led JSW Steel Ltd on Friday reported a ₹2,773 crore net profit for the September quarter against a net loss in the same quarter last fiscal. The Mumbai-based steel manufacturer reported a 6.71% year-on-year increase in its consolidated revenue from operations to ₹44,584 crore.

File returns by due date: MCA to firms

The ministry of corporate affairs has asked businesses to file their annual returns and financial statements for FY23 by the due date in order to avoid having to pay additional penalty.