CATEGORIES

Cabinet okays royalty rates for niobium, REEs, lithium

The Union cabinet on Wednesday approved an amendment to the Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957, specifying royalty rates for strategic minerals, lithium, niobium and rare earth elements (REES).

China's PBoC keeps India stock portfolio

The People's Bank of China (PBOC) continues to own shares worth at least ₹25,000 crore across 20 major Indian companies, including Tata Consultancy Services (TCS) Ltd, Infosys Ltd, Hindustan Unilever Ltd and Vedanta Ltd, despite escalating geopolitical tensions between the two nations over the past three years, company filings showed.

TCS stumbles amid economic concerns

Company grapples with slowing growth as clients cut spending

India's brave new sporting world

How Indian sporting heroes, old and new, made a record haul at Asian Games and set new expectations

Leadership for the 21st century: Think anew to resolve trade-offs

Today's leaders would be well advised to break imagined compromises and overcome perceived trade-offs with authenticity

The BJP's poll strategy has a centralized twist

The party is fielding central leaders for state polls and will have PM Narendra Modi lead its campaign. Its rivals will have to summon all they've got to counter the BJP's hefty approach

Can investors benefit from BNPL strategy for stocks?

Margin trading facility allows equity investors to buy and sell stocks, but the risks are high

INSIDE DEALSHARE'S SEARCH FOR AN IDENTITY

In just one year, the social commerce online grocer has reinvented itself multiple times to survive. What gives?

India's space economy may hit $44 bn by '33: Pawan Goenka

Indian space economy is valued at $8 bn with a 2% share in the global space economy

Country Garden signals default as China property woes deepen

Chinese developer Country Garden Holdings Co. offered the strongest indication yet that it's set for a maiden default and debt restructuring, in the latest sign that authorities' rescue efforts are far from enough to stop the nation's property crisis from worsening.

Russia loses bid to regain seat on UN Human Rights Council

Τhe UN General Assembly on Tuesday rejected abid by Russia to regain a seat on the Human Rights Council, from which it was ousted after invading Ukraine.

Israel retakes border areas near Gaza Strip

Death toll from war with Hamas passes 3,000 on fourth day of fighting

Quiet demise of a crypto rescue plan

Zhao's plan was to pull together some of the industry's biggest names and raise at least $1 bn to finance promising startups that were strapped for cash.

Self-made tycoons shine on rich list

The share of entrepreneurs in the list of Indians with over ₹1,000 crore net worth has increased to 66% from 54% five years ago

SonyLIV bets on web originals, connected TV for ad growth

SonyLIV, the video streaming platform owned by Sony Pictures Networks India, is looking at a combination of subscription and advertising revenue to remain commercially viable. The service said its offerings of sports, music and food shows, along with fiction programming, offer brands various opportunities to come on board either as sponsors or to be integrated with the content. While a lot of brands partner for both television and digital inventories, some new-age players are specifically interested in OTT collaborations.

Rockman gaining from alloy wheel biz: Munjal

Co has production for two-wheelers at 5 locations; 6th set to take off

World Cup boosts temp jobs as cos see consumption jump

E-commerce firms, food delivery platforms and the hospitality companies have stepped up hiring of part-time workers, in anticipation of a consumption boom during the ongoing ICC Men’s Cricket World Cup that is currently being held in India.

Markets take U-turn on hopes of localized Israel-Hamas war

Indian stock markets took cues from global stock markets to recoup all their losses of the previous day, as hopes of the Israel-Hamas war remaining confined to the Gaza strip caused a softening in crude prices, which was reinforced by Israel’s TA 35 Index trading up 0.9% at 1745 at the time of writing.

Banks step up for Adani's Ambuja loan

A group of banks that have been in talks to A lend about $250 million each toward a syndicated loan of about $3.5 billion to refinance debt which the Adani Group took out to fund its purchase of Ambuja Cements Ltd have received internal approval for the deal, according to people familiar with the matter.

RBI tells BoB not to sign up users on app

The Reserve Bank of India (RBI) on Tuesday asked Bank of Baroda (BoB) to immediately suspend further onboarding of customers onto their mobile app 'bob World'.

Sugar stocks: Price surge and ethanol boost fuel interest

The goods and services tax (GST) on molasses has plummeted from 28% to just 5%. Molasses is a byproduct of sugar production. For listed sugar companies though, it would not move the needle.

C&W cos to lead durables sector

Investors in shares of Polycab India Ltd and KEI Industries Ltd are enjoying a dream run. The stocks have gained as much as 103% and 83% respectively in 2023 so far.

InsuranceDekho valued at $600 million in Series Bround

Insurtech startup InsuranceDekho on Tuesday said it has raised $60 million in a Series B funding round led by Japan’s Mitsubishi UFJ Financial Group (MUFG); insurer BNP Paribas Cardif through its insurtech fund managed by European investment major Eurazeo; Beams Fintech Fund; and Yogesh Mahansaria Family Office.

Angel, VC funding surge to $878 mn in Sep after Aug fall

Numbers are still far below the levels seen during the euphoric months of 2021 and 2022

CEA issues guidelines for hydro projects after disaster in Sikkim

India's apex power planning body, the Central Electricity Authority (CEA), has come up with guidelines for slope stability inclines that can withstand movement-in hydropower projects after heavy rains and glacial lake floods damaged a dam in Sikkim.

CBDT sees 70% of individuals switching to new tax regime

Direct tax collections at ₹9.57 trillion as of 9 October in FY24, 21.8% more than a year ago

India needs to grow at 8% a year to beat China: Barclays

India's economy needs to grow 8% a year in order to overtake China as the largest contributor to the global economy, Barclays Plc estimated, a scenario that requires much more investment, especially in traditional sectors.

IMF raises India growth forecast for FY24 to 6.3%

The International Monetary Fund (IMF) lifted its 2023-24 growth projection for India to 6.3% from its July estimate of 6.1%, citing “stronger-than-expected consumption\" during the June quarter. In contrast, the agency expects global growth of 3% in 2023 and 2.9% in 2024, with advanced economies expanding by 1.5% in 2023 and 1.4% in 2024.

Miffed by low offer, Religare orders valuation report

Religare Enterprises Ltd's board has commissioned an independent valuation report as it believes that the company is worth more than the price the Burman family has offered, a person with knowledge of the development said.

Family rift clouds $7 bn sale of Cipla

Some members questioned the need to exit the drugmaker