CATEGORIES

NTPC arm eyes ₹1 tn in solar, wind assets

IPO-bound NTPC Green Energy is aiming to invest up to ₹1 trillion in solar and wind assets by FY27, a top official said on Wednesday.

AstraZeneca Q2 net profit drops 10%

AstraZeneca Pharma India Ltd posted a profit after tax of ₹51 crore, down 10% year-on-year, in the September quarter of FY25.

Nalco Q2 profit soars to ₹1,046 cr

State-owned National Aluminium Company Ltd (Nalco) on Wednesday said its consolidated profit rose more than five-fold to ₹1,045.97 crore in the quarter ended September 2024 on the back of higher revenue from operations.

Import of finished steel at 7-year high

India's finished steel imports during April-October surged to a seven-year high at 5.7 million tonnes, according to provisional government data reviewed by Reuters on Wednesday.

Reliance Power logs ₹2,878 cr net profit

Reliance Power has posted a consolidated net profit of ₹2,878.15 crore in the July-September quarter of this financial year.

Bulldozer justice reminds of lawless state of affairs: SC

The apex court sought to strike a balance between enforcing land use laws and safeguarding civil rights

Eicher Motors beats Q2 profit view

India's Eicher Motors, which makes the Royal Enfield brand of motorcycles, reported a bigger-than-expected quarterly profit on Wednesday, helped by increased sales of its higher-capacity models such as the 'Himalayan'.

Inside Volkswagen and Rivian's big bet to rescue each other

The deal aims to address a core weakness for both companies: Volkswagen gets much-needed technology and Rivian gets much-needed cash

Blackstone's new fund for the rich is looking just about everywhere for deals

Rivals question if deals the fund has done on its own are as attractive as those done along with its other funds

Microsoft's gaming chief is still looking for acquisitions

After a tough year, Microsoft Corp.'s video-gaming chief is still looking at acquisitions and charting how to compete and partner in the markets for handheld game devices and mobile stores.

Vodafone Idea Q2 loss narrows

Arpu rises to ₹156 on tariff hikes as the operator gained from the rise in 4G rates; user base continues to fall

CourtGPT: Can you expect a fair trial?

Estonia has an artificial intelligence (AI)-powered \"robot judge\". Chinese courts are developing an AI system comprising \"non-human judges\". Brazil's courts are using AI to screen court-ordered payments.

Viewers spoilt for choice as hit franchises transcend platforms

The model has frequently been adopted in Hollywood for franchises such as Star Wars and Avengers

Ceigall looks to sell five HAM road assets

The firm will sell the assets in a deal with an enterprise value of $540 mn

Prosus offers to put $100 mn in Mintifi at unicorn value

Mintifi saw its revenue more than double to ₹319.1 crore in FY24 from ₹150 crore in FY23

Global sales of luxury goods to fall 2% in 2024: Bain report

The forecasts factor in currency moves.

Festivals fail to lift passenger vehicle wholesales in Oct

PV sales grew 0.9% in October 2024—the highest-ever for the month—compared with year-ago period

IAS coaching centres to lose licences over misleading ads

New guidelines aim to prevent the institutes from fleecing aspirants with false claims

Greg Brockman back at startup

OpenAI co-founder Greg Brockman has returned to the AI startup three months after taking a leave from his role as president, bringing a key figure back to the C-suite amid an exodus of top executives.

Johnson's Baby's promise to protect resonates high with influencer mums

Johnson's Baby recently held its Day 1 Onederland event in Gurugram, Haryana and brought together an inspiring group of over 280 mum influencers from across the country.

OpenAI for US-led AI alliance against China

US must invest in energy, AI infra to counter Beijing's rise, startup says

Swiggy's listing: investors cheer, analysts divided

Prosus and controlling shareholder Naspers invested $1.3 billion for a 31% stake in Swiggy

Shree Cement exposed to downside risks as it shifts strategy

The cement sector is chasing volumes, but Shree Cement Ltd is going against the tide. Prioritizing value over volumes in a seasonally weak September quarter (Q2FY25) contained the drop in realizations.

Britannia's margin in spotlight

Britannia Industries Ltd's shares are down 7% since the company released the September quarter (Q2FY25) results on Monday after market hours.

RBI keen on municipal bonds

MCs rely heavily on the upper tiers of government for their revenue, which can limit their financial autonomy

Sebi plans to revise regulations for custodians in securities mkt

The Securities and Exchange Board of India (Sebi) has issued a consultation paper seeking feedback on proposed updates to the Sebi (Custodian) Regulations, which govern the operations of custodians in the Indian securities market.

Norfund, IndiGrid, BII launch clean energy biz

IndiGrid has partnered with British International Investment (BII), the UK's development finance institution and impact investor, and the Norwegian Climate Investment Fund, managed by Norfund, to form a new business in the green energy space.

Centre weighs ₹1,000 cr green scheme for MSMEs

The Union ministry of power may launch a scheme next month to incentivize energy efficiency measures taken by small and medium businesses, said two officials with knowledge of the development.

UN developing package to help nations cope with extreme heat

The United Nations is developing a package of solutions to help countries cope with extreme heat so that every person on the planet is covered by a multi-hazard early warning systems (EWS) by 2027, secretary general António Guterres said on Wednesday in Baku.

Critical mineral hunt: Centre takes charge as states falter

Exploration agencies had stayed away even in the few states that had kicked off auctions