CATEGORIES

'Certain NBFCs should be allowed to raise deposits'

Piramal Enterprises Ltd seeks to tap underserved customers in smaller towns to drive growth in its financial services business, and double its assets under management within five years to ₹1.2-1.3 trillion.

Sharp pay cuts in small towns as more cos end remote work

India's job market has shifted drastically since a year ago, when India Inc was on a hiring spree, offering generous pay packages, especially in tier II and III cities.

'Leisure travellers returning to India'

International leisure travellers are gradually returning to India, Australia’s Intrepid Travel, which offers services to small groups of travellers for overseas vacations, said. India is the company’s second largest market where tourists from Australia, the US, and the UK arrive in large numbers.

Maruti to invest ₹45,000 cr to double capacity by FY31

Though it lags peers in EV launches, Maruti will drive growth with hybrid and CNG vehicles

ONGC backs its net zero goal with ₹2 tn

State-owned ONGC plans to invest around ₹2 trillion towards its energy transition efforts until 2038, said chairman and chief executive Arun Kumar Singh.

Airtel Uganda to roll out $216 million IPO

Billionaire Sunil Mittal backed telecom services provider Airtel Uganda Ltd, a subsidiary of Airtel Africa plc, plans to raise 800 billion Ugandan shillings or $216 million in an initial public offering (IPO), it said in a statement Tuesday.

SoftBank to sell 1.17% stake in Zomato

SoftBank's Svf Growth (Singapore) Pte. Ltd is set to divest a 1.17% stake in Zomato Ltd on 30 August. The deal is expected to fetch 1940 crore ($114 million) for the Japanese investor.

UST buys MobileComm to beef up telecom business

UST, an IT solutions company, on Tuesday said it has acquired Dallas-based telecom engineering firm Mobile Comm for an undisclosed sum.

Trial run planned on India, BD rail link

India and Bangladesh are expected to hold a trial locomotive run on the AkhauraAgartala railway line and push the operationalization of the crucial link between the two countries. Reports have indicated that both sides hope to operationalize the line by the end of this year.

NPPA brings 44 more essential drugs under price cap

The National Pharmaceutical Pricing Authority (NPPA) has brought 44 new drugs under price control. These drugs are commonly used for pain management, depression, anxiety, gastrorelated ailments, hypertension and several auto-immune diseases.

Centre to make a 'positive statement' on J&K statehood

Underlining that restoration of democracy in Jammu and Kashmir is “very important\", the Supreme Court on Tuesday asked the Union government to indicate a timeframe to restore the statehood of J&K, prompting the Centre to seek 48 hours for making what it called a “positive statement\" in this regard.

Sugar export curbs review in October after crop estimates

The government in October will review its sugar export policy, which is currently under the restricted category, in October, after state cane commissioners come up with their crop estimate for the 2023-24 season.

Cos exiting China favour Indian startups

In early 2020, as the pandemic was shutting down global commerce, a Pennsylvania company was having trouble getting its usual steel parts out of China. It stumbled on another possible option-in India.

'Will fly to Venus, Mars with pvt cos'

Private companies will be a major partner in India’s future space missions, including those to Mars and Venus, and India is not behind any world power, including China, in technical capability although the country needs to build scale, NITI Aayog member and defence scientist V.K. Saraswat said in an interview.

Electricity demand, shortage hit record

Electricity usage that began rising in July touched record levels of demand in August as rains waned, driving stocks of power companies to new highs. As demand surged, power shortage also shot up.

LPG price cut by ₹200 per cylinder in inflation fight

In a relief to consumers, the Union government on Tuesday cut the price of a 14.2-kilogramme (kg) cooking gas cylinder by ₹200, terming it a gift for women ahead of the Raksha Bandhan this week.

'Need coordinated data regulation in a connected world'

Mastercard Inc.’s dominance in the payment process makes the company, along with Visa Inc., no less than what Google Llc is to search. But a more important fact—and less discussed detail —is the company’s impressive profitability: Mastercard ended with a 58.3% operating margin on $6.3 billion in revenue in the second quarter. In an interview, Michael Miebach, the chief executive who succeeded Ajay Banga in 2021, discussed Mastercard’s Indian strategy. Edited excerpts:

BRICS showed it's little more than a meaningless acronym

Its expansion can't hide how hollow this grouping has turned out

Urban millennials in India have had much to reveal in five years

It's a generation with an ironic mix of sticky biases and rebellious instincts that took in-depth surveys to understand better

Don't get into a cat and mouse chase over rice

India's rice export restrictions led to a price barrier to prevent circumvention. Imports by the state may be costly, but are a better way to tide over shortfalls that can stoke inflation

How is the sale of gifted property taxed?

My father gifted me a house worth ₹54.5 lakh in June 2017.

THE WORLD CONTEMPLATES TRUMP'S SECOND COMING

The possibility that former US president will win next year's election has capitals across the globe on edge

US and China agree to talk on export controls

The two will set up a group to discuss other commercial issues as well

Historic change in rural India, says Shekhawat

'Rise in rural sanitation access to 100% is world's largest behavioural change'

Shortage of local solar modules remains a cause for concern

Even as India has witnessed rapid growth in installation of renewable energy capacity in the past few years, a shortage of solar modules continues to cast a cloud over the sectors’ growth prospects, said stakeholders at the Mint Sustainability Summit 2023.

Govt maps sustainable route to highway building: Gadkari

India trying to protect ecology during road construction, besides promoting green mobility

Disney Star ad revenues from Asia Cup may touch ₹400 cr

Disney Star, the Indian arm of Walt Disney Co., is set to generate ₹350- ₹400 crore in advertising revenues from the Asia Cup. It has signed agreements with 17 sponsors and 100-plus advertisers for the upcoming cricket tournament, across both TV (Star Sports Network) and digital (Disney+Hotstar).

Annual in-app gaming purchases hit $250 mn

Amount more than combined revenues from OTT subscriptions in India

RIL seeks int'l suitors for wind power foray

Top equipment makers in Reliance's sights; turbines may use carbon fibre

Sebi rejigs norms for bourses

Capital markets regulator Sebi has tweaked its framework regarding 'fit and proper' criteria for stock exchanges and other market infrastructure institutions, whereby any direction passed against such institutions will not affect their operations.