CATEGORIES

Iraq wedding fire kills more than 100, probe announced

A fire ripped through a packed wedding hall on Tuesday, killing more than 100 people in a Christian town that had survived Islamic State occupation as authorities announced an investigation into the blaze

Tata Play Binge offers PaaS to go global

Direct-to-home service provider Tata Play (formerly Tata Sky), which also offers over-the-top aggregation services, announced on Wednesday the launch of Tata Play Binge PaaS (platform as a service), a white label solution for OTT aggregators globally

Foreign airlines keen to set base at Noida airport: CEO

With Delhi-NCR preparing for its second airport in 2024, airlines, including foreign carriers have shown strong interest to connect flights from Noida International Airport at Jewar to overseas destinations, said Christoph Schnellmann, chief executive officer, Noida International Airport

DGCA can act against pilots not serving notice: Delhi HC

The HC, however, did not allow any penal action against Akasa pilots as it hasn't been sought

Sebi imposes ₹5 lakh fine on Yes Securities

Markets regulator the Securities and Exchange Board of India (Sebi) on Wednesday imposed a fine of ₹35 lakh on brokerage Yes Securities for irregularities pertaining to settlement of client funds, shortage in collection of margin and for not adhering to leverage and exposure limits

Adani Ports to buy back another $195 million of its 2024 bond

Adani Ports and Special Economic Zone Ltd. will buy back as much as $195 million of its 2024 bond, as the Indian conglomerate backed by billionaire Gautam Adani seeks to move on from the allegations levied by a US shortseller

Creaegis leads $35 mn fundraise in healthtech startup Doceree

Healthtech startup platDoceree, which runs a physician-only form, has secured $35 million as a part of its Series B fundraise from a bunch of investors led by homegrown private equity firm Creaegis

Bright Money raises $62 mn to expand

San Francisco-based fintech startup Bright Money has raised $62 million in a mix of debt financing and equity infusion from new as well as existing investors

India to iron out rupee trade problems amid stranded Russian assets

India is working with Russia to sort out lingering problems with the rupee trade mechanism, including challenges with the exchange rate mechanism and fund repatriation, two government officials said

Singapore may get more rice from India

India may allow exports of another 50,000 tonnes of non-basmati white rice to Singapore under humanitarian operations, making an exception for one of its key diplomatic partners, two government officials said

Pre-poll budget meetings to weigh food, fertilizer sops

Finance ministry will hold as many as 65 meetings between 10 October and 14 November

India wants WTO rules on foodgrain scrapped

India will seek the removal of entitlements in trading rules that have helped developed countries dominate global farm exports and obstructed developing countries' fair access to export markets, a person aware of the development said

Diamond industry grapples with major slump in demand

India's diamond cutting and polishing trade is facing an unprecedented crisis amid falling demand, prompting trade bodies to ask members to halt the imports of rough stones for two months

Cipla in advanced talks with 2 groups

Promoters in talks with consortiums led by Torrent and Baring

Aadhaar Is Not Perfect But Has Proven Useful

So long as Aadhaar does its basic job of allowing unique identification, this digital public infrastructure serves its foundational purpose. The critique by Moody's could help improve it

Apple To Testify It Sees No Need To Use Google Alternative

Apple Inc.'s services chief, set to testify in Washington Tuesday, plans to defend the lucrative deal that made Google's search engine the default option on the iPhone, saying it was the best choice for consumers.

Digital Personal Data Protection: Update This Law To The Age Of Al

India should consider revisiting some of its provisions to enable more effective AI operations without compromising privacy

Maruti Suzuki Tops SUV Charts With New Models

Its market share for SUVS in September is close to its FY24 target of 25%

Initial public offerings: Why retail investors should be wary of SMEs

The SME segment has attracted the interest of retail investors but experts say there is reason to be cautious

US calls on Azerbaijan to protect Armenians

At least 19,000 Armenians have left their homes in Nagorno-Karabakh

'Religare to be run by independent board'

Religare is now more than a financial investment, says Mohit Burman

FOCC downstream investments face regulatory hurdles

Foreign-owned and controlled companies (FOCCs) face difficulties in making downstream investments in India due to issues arising from foreign exchange rules. There is an ambiguity in the current rules, which is leading to interpretational issues and in some cases, the Reserve Bank of India (RBI) has taken a more conservative stance impacting the deals, two foreign exchange law experts familiar with the development said. The industry has already submitted multiple representations to RBI seeking clarity on many of these rules.

Search firms scout for AI, digital specialist board members

India’s leading search firms are hunting for board members with expertise in artificial intelligence (AI) and digital transformation to expand their business. Top executive search firms said that companies are not keen on candidates who are relying solely on their association with established boards.

Record demand for sovereign gold bonds despite price rise

Indians purchase 11.67 tonnes of gold bonds worth ₹6,900 crore to hedge against inflation

Steep ticket prices limit reach of major films in small towns

While the Indian film industry is showing signs of recovery, high ticket prices in multiplexes, particularly for big-budget releases such as Jawan, are a point of concern given the possible impact on the movies’ earnings, especially in small towns of north India.

US yields at 2008 levels on interest rate fear

US Treasury yields hit a peak not seen since the early tremors of the 2007-2008 global financial crisis on Tuesday, as fears of interest rates staying high for longer roiled risk assets globally and drove the dollar to a 10-month high.

Emami pines for rural recovery

Emami Ltd’s shares have been flattish in the past year. A key factor that is keeping sentiments muted for the stock is a weak rural demand recovery outlook due to deficient rainfall so far. Emami has vast rural exposure, contributing about 50% to its revenue.

'India to be NetApp's largest market in Asia in next 5 yrs'

Global data management and storage firm NetApp is bullish on India and expects it to soon become the largest market in Asia. In an interview, chief executive George Kurian said the company is betting big on the Indian market’s growth potential despite the macroeconomic headwinds.

Revenue loss still a road block to fuel GST

Petroleum products are unlikely to be brought under the Goods and Services Tax (GST) anytime soon, as doing so can cause states’ fiscal deficit to balloon, while also widening revenue losses for the Centre, two senior government officials told Mint.

Ministry weighs fenced-off highways within easy reach

Vision 2047 programme to include access-controlled highways within 100km of starting point