CATEGORIES

Sensex snaps two-day rally on selling in technology stocks

Equity benchmark BSE Sensex declined in volatile trade on Thursday, reversing the two-session rally, mainly due to selling in technology stocks.

Deutsche Bank's Shaparia gets Asia role too

Deutsche Bank Group's India chief executive Kaushik Shaparia has been elevated to CEO, Emerging Asia, in addition to his existing responsibilities, the firm told its employees on Wednesday, according to an announcement seen by Mint.

HDFC MF sells 2% in Persistent for ₹905 cr

HDFC Asset Management Co. Ltd on Thursday sold over 2% stake in IT services company Persistent Systems Ltd for at least 1905 crore, an exchange filing revealed.

The double-engine model at Siemens

At its Annual Innovation Day held recently, Siemens Ltd emphasized on digitization and decarbonization as key areas for growth opportunities driven by higher infrastructure spending and technology-led private capex.

Buyback not enough for TCS

Shares of Tata Consultancy Services Ltd (TCS) hit a new 52-week high of ₹3,679 apiece on Monday, after the information technology (IT) company on Friday said it will consider a buyback of its shares.

Harmony Ventures, Accel lead Jiraaf's $8.7 mn Series B round

AI Growth Pvt. Ltd, which operates the A fixed-income investment platform Jiraaf, on Thursday said it has secured $8.7 million (₹72.3 crore) in a Series B funding round co-led by Harmony Ventures and Accel as new and existing investors, respectively.

RV Cap India fund hits 1st close

Singapore-based RV Capital Management's India arm on Thursday announced the first close of its maiden performing credit fund, raising about a quarter of the target corpus for achieving the fundraising milestone.

Age Care secures funds from Gruhas, Rainmatter Capital

Elder care platform Age Care Labs has raised $11 million in fresh capital as a part of its pre-Series B funding round from fintech unicorn Zerodha's investment arm Rainmatter Capital and prop-tech investment firm Gruhas, both co-founded by Nikhil Kamath.

Qualcomm may replicate China model in India: Soin

Chipmaker may look at using incentive schemes offered by the government in India

'Banks refusing to share key documents for rupee trade'

Banks are refusing to share key documents for rupee trade transactions, rendering trade in the domestic currency \"ineffective\", Indian exporters have told the parliament's standing committee on commerce, a person aware of the development said.

Coal stock shrinks with rising demand

Coal stocks continued to shrink with power demand across the country hitting a peak of well above the 200 GW mark this week. Thermal power plants across the country have coal stocks to last just 7.5 days, showed data from the Central Electricity Authority (CEA).

Brazil, India ministers to discuss food security in November

Brazilian agriculture and livestock minister Carlos Favaro is expected to meet Indian consumer affairs, food and public distribution minister Piyush Goyal in New Delhi during a 1-3 November visit.

₹20 tn highway plan ready, may replace Bharatmala-2

Aim of the revised plan is to build more greenfield, access-controlled highways

India's rice export ban had an impact: Singapore official

Measures like India's July rice export ban had a negative impact on Singapore, said a top Singaporean official, whose country is a major food importer from India.

'Focus on tax and spending reforms in FY25 budget'

The full-year budget, to be presented in Parliament after the national elections, will likely focus on expenditure reforms and encourage businesses and individuals to shift to the new simplified and exemption-less tax regime, said Bibek Debroy, the chairperson of Prime Minister Narendra Modi's Economic Advisory Council (EAC-PM).

Infy, HCL cut FY24 growth forecast

Infosys Ltd and HCL Technologies Ltd on Thursday said their 2023-24 revenue growth will be weaker than their earlier forecasts as their large foreign clients tighten purse strings amid economic uncertainties.

Retail inflation cools, factory output soars

Sep inflation eases to 5.02%; industrial output rises 10.3% in Aug

Walk into the light with the annual Vivid Sydney festival

The annual Vivid Sydney festival is a stimulating mixture of dazzling lights and ideas, and one of the reasons to visit the city

Modern menus in a palace in Maharashtra

Ramen and gyoza are served alongside royal thalis at the Sawantwadi Palace

A multi-layered book on events of our times

From the Partition to the Bhopal gas tragedy, Siddhartha Deb spans decades to tell a story about a changing country and its people

The EU's CBAM has lent urgency to fair carbon prices

The EU's Carbon Border Adjustment Mechanism (CBAM) went into force on 1 October 2023. Covering iron and steel, aluminium, cement, fertilizer and electricity, it requires the direct and indirect carbon emissions of these goods to be reported for their import into the EU.

The 10-year US Treasury note rout was not a wild aberration

A yield jump seems normal at this stage of the Fed's inflation fight

The difficulty of understanding inflation and how it's measured

Recent criticism of the GDP deflator used for India's output data was too unconvincing to make us revise our methodology

Goldin's work has helped make the world a better place

The Nobel laureate saw employees as people first and that has made a positive difference

We must inculcate sound values for education to be meaningful

The National Curriculum Framework provides Indian schools a practical format to impart these

Nuanced stance on Gaza could grant India gains

India has not signalled neutrality on the war sparked by Hamas's terror attacks on Israel but a hedged position could make space for New Delhi to play peacemaker and global guru

GIFT CITY: BEST OPTION FOR SUCCESSION PLANNING, INTERNATIONAL FAMILY OFFICE?

Indian high net worth families are becoming increasingly proactive in diversifying their investment portfolios and exploring global opportunities. The trend of setting up or expanding family offices in foreign jurisdictions like Singapore and Dubai aligns with their pursuit of favourable business environments, tax incentives, and access to international financial markets.

Know how to diversify your portfolio with US bonds

Bonds now provide a substantial challenge to stocks as an investment choice, help cut risks

CAN SRINIVASAN TURN INDIA CEMENTS AROUND?

While Srinivasan is trying to pull the haemorrhaging company back from the brink, improving efficiency will be harder

FM says IMF should focus on macroeconomic surveillance

Sitharaman stressed the role of the IMF in debt restructuring process bottlenecks