CATEGORIES

BlackRock veteran Awasthi to lead 2nd KKR office in India

Global private equity major KKR & Co has hired a BlackRock veteran to head its second India office, as it expands its operations in the South Asian nation and looks to service its clients across the world.

Fintech firm Slice set to enter banking via merger with SFB

Rare case of a fintech in banking business; All Slice entities to be part of combined entity

E-way bills moderate in Sep but remain among highest

September's e-way bills came in at 92 mn, compared with August's all-time high of 93.4 mn

Government raises cooking gas subsidy

The Union cabinet on Wednesday raised cooking gas subsidy from ₹200 to ₹300 per cylinder for about 96 million low-income households, a move coinciding with upcoming assembly elections in five states and next year's national polls.

Vivek Wadhwa's new venture aims to use breath to detect cancer

Vivek Wadhwa, an entrepreneur and academic who’s well known in Silicon Valley, has been working on a long-shot project to detect cancer in people using only their breath—similar to using a breathalyzer.

ShareChat to raise up to $50 mn in a bridge round

ShareChat, the shortvideo platform backed by Google Llc, is seeking fresh investments that would value the social-media company at $2.2 billion, marking a 55% drop from the valuation it secured last year, two people aware of the development said.

Founders look to buy Great Learning back

The founders of Great Learning are trying to line up investors to buy back the online education provider from Byju's, two people aware of the discussions said.

Govt excludes planes from IBC provisions

Move could significantly affect Go First's revival prospects

ICC World Cup 2023: The first five games

As the World Cup finally gets going, here's a detailed analysis of the first five matches of the round-robin stage

Lessons of the Green Revolution could aid our climate transition

India needs a similar supply boost, this time of green power, to break today's constraints of energy and balance-of-paymen

A national caste census looks all but inevitable

Identity politics is a reality, the average' Indian would identify as OBC and our democracy's dynamics favour a caste headcount beyond Bihar. But any quota rejig will need deep debate

Will return to office give a new lease of life to Reits?

Reits are trading at a discount now but this is set to change as hybrid mode of working ends

MEET THE HIGH-FLYER IN INDIA'S DRONES CLUB

ideaForge has quickly become the biggest pure-play company in India's nascent drone manufacturing industry

Opec+ shows no sign of easing oil squeeze as ministers meet

Crude has soared more than 20% in three months as alliance leaders Saudi Arabia and Russia squeeze supplies

L Catterton to step up India focus over 2 yrs

The PE fund may write checks of $25-150 mn for growth-stage startups

India to grow at 6.3%: World Bank

Economy faces challenges from adverse global factors affecting foreign demand and consumption; service sector to remain strong

'India a priority market for Booking.com'

India has emerged as a priority market for Booking.com, one of the leading global online travel agency based in Amsterdam. The platform has witnessed significant growth in users with people exploring not only international travel and accommodation options, but also considering domestic destinations, Santosh Kumar, country manager for India, Sri Lanka, the Maldives and Indonesia, Booking.com, said.

Multiplexes resist southern studios' plans for shorter OTT window

Multiplexes are resisting the move by film producers from South India to debut their movies on over-the-top (OTT) platforms within four weeks of theatrical release, instead of the stipulated eight-week window.

Capex dips in Q2, may stay muted for a while

Project announcements have seen declines ahead of past national polls

Mfg growth cools in Sep; higher rates don't bode well either

The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) was resilient in September, although it did cool down a notch. The private survey’s reading of 57.5 for September is the lowest reading in the past five months. A PMI reading above 50 denotes expansion.

Rise in cement prices in Sep to offset energy cost hike: Experts

The improvement in cement prices seen during September remains positive for the manufacturers amidst rising energy costs.

A spring in the step for CVs in Sep

September automobile volume numbers are out and the commercial vehicle (CV) segment is leading the pack. Key CV companies—Ashok Leyland Ltd, Tata Motors Ltd and VE Commercial Vehicles Ltd—reported year-on-year and month-on-month growth in their respective wholesale volumes. On the other hand, the performance of two-wheelers, tractors and passenger vehicles was mixed with some companies clocking growth and others recording a drop.

Warburg Pincus acquires stake in Everise

Private equity firm Warburg Pincus has acquired a stake in IT services firm Everise Holdings at a valuation of $1 billion, the companies said in a statement. While Everise’s majority owner Brookfield Asset Management will retain some of its stake, co-owner Everstone will exit as part of the transaction.

ASK aims $5 bn AUM in alternatives space

Blackstone-backed group to accelerate the launch of new strategies

Infra sector issues most upgraded by rating agencies

Rating agencies Crisil Ltd. and India Ratings and Research (Ind-Ra) upgraded over 550 debt ratings and downgraded over 250 during the April-September 2023 period (HI, FY24).

Tax collection to meet budget estimates in FY24: SBICaps

Tax collections are expected to meet the budget estimates for FY24 with higher income tax collections making up for a shortfall in excise duty revenue, SBICaps said in a report on Tuesday.

India requests Opec to go easy on output cuts

Minister Puri recalls how world helped stabilize oil price during covid

Airlines prep for Q3 traffic record

A record number of Indians are expected to fly this December quarter thanks to the festival season, lengthy holidays and the upcoming cricket World Cup, airline executives said.

Sebi's finfluencer rules to hurt foreign brokers

The Securities and Exchange Board of India’s (Sebi) bid to tighten regulations on financial influencers, or finfluencers, could have unintended consequences on overseas banks and brokers providing services to foreign portfolio investors (FPIs), two people familiar with the matter said.

New skills lift independent directors' pay

Compensation for independent directors has tripled over the last couple of years as companies scramble to get niche and skilled individuals who fit the bill. The demand for specialist directors is especially strong from medium- and small-scale enterprises and mid-tier firms willing to pay more for their expertise.