CATEGORIES

Dubai to foster startups with Indian talent

New Delhi: Dubai seeks to woo tech talent from India to foster a startup ecosystem as part of its goal to double its gross domestic product (GDP) by 2033, Hadi Badri, the chief executive of economic development at Dubai’s Department of Economy and Tourism, said in an interview.

Forensic audits gain pivotal role in insolvency landscape

Rising instances of bankruptcy actions by creditors under India’s Insolvency and Bankruptcy Code (IBC) against distressed companies are fuelling the growth of forensic audits, and signifies the increasing importance of such audits in providing evidence for court proceedings, said experts.

Incentives in the form of gold, other assets may attract GST

Karnataka AAR has ruled that such sops should be classified as supply’ and be subject to GST

Price hikes, password-sharing curbs to shape SVoD's future in India

Streaming platforms Netflix and Disney+ Hotstar are in various stages of curbing password sharing in India, while others like Amazon Prime Video raised fees earlier this year, setting the course for subscription-based video-on-demand (SVoD) services in the country.

Uh govt committed to produce steel in Uh: Jeremy Hunt

UK chancellor Jeremy Hunt said the govern producing steel in Britain after a report of talks to provide public funding to Tata Steel Ltd's British business.

360 One pays ₹6k cr from pre-IPO fund

360 One Asset, the private equity (PE) and venture capital arm of 360 One WAM Ltd (formerly IFL PE), has returned around ₹6,000 crore to investors from the pre-initial public offering (IPO) fund.

Punjab study loan, visa statistics signal exodus

Spike in migration to Canada, Australia and Europe for studies and jobs

Adani rollovers show market not panicky

MUMBAI arkets do not seem to be showing major concern over the recent allegations against the Adani Group, which is evident from the derivative positions rolled over at the end of the August contract series.

FPI inflows at six-month low, uncertainty likely to continue

NEW DELHI : Foreign portfolio investment inflows into the Indian markets slowed in August after robust flows from April to July due to worries about impending rate hikes in the US, resulting in higher bond yields and a stronger dollar.

Succession overhang on Kotak Bank stock may continue for now

The bank’s stock performance has been the second-worst among 15 private bank scrips over the past one year through 1 September 2023, with a 6.9% negative return compared to that of ICICI Bank (10.8%), HDFC Bank (7%) and Axis Bank (33.19%), Capitaline Databases shows.

Deficit rainfall trips tractor segment, gets auto sector worked up

The progress in the recovery of rural demand this year depends to a good extent on how the monsoon pans out.

India's growth path is not without its trials

Secondly, services, the other growth engine, has rebounded to double-digit increase in Q1, from subdued performance in the second half of FY23.

Funding value moderates to $212 mn after bumper week

Venture capital and private equity dealmaking activity stabilized over last week, after recording a significant jump in the previous week when it crossed the billion-dollar mark in terms of value.

IAN gets 100-cr kitty for 2nd fund

Early-stage investing platform Indian Angel Network (IAN) on Thursday launched its second fund with a corpus of ₹1,000 crore (about $121 million), more than double the size of its first fund of ₹375 crore that closed in 2019.

IFC to fund India solar project

Canada's Brookfield Asset Management Inc. is set to borrow up to $95 million from International Finance Corp. (IFC) to finance the development of solar power projects totalling 560 MW in Rajasthan.

Veranda selects bankers to raise ₹700 crore for buyouts, growth

Edtech company Veranda Learning Solutions Ltd is looking to raise 700 crore ($84.2 million) to fuel acquisitions and business growth, three people aware of the development said. Of this, ₹400 crore may be in debt and the remaining in equity.

Power ministry may recommend GST cut on hydro project components

Rituraj Baruah, Subhash Narayan

Alcohol content in drugs to be regulated

The union health ministry is considering a proposal to regulate alcohol content in drug preparations such as aromatic tincture in order to curb their illegal sale at pharmacies.

Steel ministry sets sights on unused ₹4,000 cr for PLI 2.0

Ministry may approach FinMin to release funds; plan for steel grades for use in defence, auto

IPL team owners eye market listing PE fundraising

Naman Suri, Gaurav Laghate Mihir Mishra

‘My fiduciary role in the transition is over’

Crucial to have banks majority-owned by local investors: Kotak

India losing a green energy subsidy race against US, others

When U.S. solar-manufacturing startupCubicPV was looking for a place to locate its first factory a couple of years ago, India seemed a good choice

INDIA alliance shifts into election mode

Bloc initiates urgent talks on seat-sharing for national elections

GQG takes 1,527 cr stake in IDFC First

Rajiv Jain-led US-based boutique investment manager GQG Partners Llc, on Friday, acquired a 2.6% stake in private lender IDFC First Bank Ltd for ₹1,527.26 crore, raising the former’s total fresh investment in Indian firms to over ₹41,000 crore in a span of just six months

Adani allegations pull bankers into the mix

Public sector, private bankers mull impact of corporate governance issues

Sketches to reels: Influencers redefine film promotion

In a marked departure from the traditional ways of marketing a movie, filmmakers and studios are increasingly turning to influencers to woo audiences to the theatres

Drug regulator to closely monitor small drug firms

The Drugs Controller General of India Rajeev Raghuvanshi has instructed all state drug regulators to closely monitor around 200 micro, small and medium enterprises involved in drug manufacturing, said a government official aware of the matter

'India among most important markets where we operate'

Amazon's Russell Grandinetti says the e-commerce market is only set to grow in the country

Government raises natural gas prices to $8.60/mmBtu

The ministry of petroleum and natural gas has raised the price of natural gas for September to $8.60/ mmBtu (metric million British thermal unit), up from $7.85 in August.

Factory production at 3-month high in Aug

High-frequency indicators do not signal any stress in manufacturing