CATEGORIES

Adani Energy aims 16% rise in FY24 capex to ₹7,000 cr

The company is planning to increase its capital expenditure outlay by about 10% every year

Rites eyes ₹1,000 cr orders in Africa, foreign consulting

State-run firm to also focus on export of rolling stock as revenue from Indian Railways falls

Carlyle to acquire 5.9% stake in SpiceJet

Low-fare airline SpiceJet has sought shareholders’ nod to sell 5.91% stake to aircraft lessor Carlyle Aviation at ₹48 per share

Govt set to auction 90 critical mineral mines

Only 19 out of 107 identified mines were auctioned by states in the last 4 yrs

Won't insist on fit and proper' compliance till 30 Aug: Sebi

The Securities and Exchange Board of India (Sebi) on Wednesday deferred the implementation of its \"fit and proper\" person criteria for intermediaries, informing the Bombay High Court that it will not insist on compliance till 30 August

KKR to buy majority stake in Leap India in Asia infra push

In May, KKR made an additional investment of about $250 million in Serentica Renewables

India, Sri Lanka to begin talks on petroleum pipeline project

New Delhi and Colombo are set to begin technical discussions that could pave the way for a multiproduct petroleum pipeline between the two South Asian nations, Mint has learnt

CPI may hit 6.2% by end of Q2, says Morgan Stanley

Morgan Stanley on Wednesday said it expects India's retail inflation to leap to 6.2% at the end of the quarter ending September, against its previous forecast of 5.5%, due to higher prices of food

Fresh drug MSME guidelines on cards as govt finds lapses

Govt has been tightening regulations after Indian cough syrup-linked deaths reported abroad

Vedanta promoter to sell 4,136 cr stake

Anil Agarwal’s Twin Star Holdings Ltd, a promoter entity of Vedanta Ltd, aims to sell a 4.3% stake in the Indian mining company for ₹4,136 crore as part of the billionaire’s plan to reduce debts and transform his Vedanta group into a pure-play green energy and non-ferrous business.

IndiGo Q1 profit soars to record

InterGlobe Aviation Ltd, the operator of India’s largest airline IndiGo, reported record quarterly profit and revenue on robust demand for air travel, lower fuel costs, and favourable foreign currency movement

Fitch cuts US C rating by a notch to AA+

The US was stripped of its top-tier sovereign credit grade by Fitch Ratings, which criticized the country's ballooning fiscal deficits and an \"erosion of governance\" that's led to repeated debt limit clashes over the past two decades

GST law on online gaming from 1 Oct; review after 6 mths

The Goods and Services Tax (GST) Council, in a divided decision, decided to amend central and state laws from 1 October to ensure that 28% GST is paid on the full value of amounts deposited by players for betting on online games, casinos, and horse races

A Euro football transfer window like no other

Saudi Arabia, Messi and how the 2023 transfer window has becomea saga of midfielders and sportswashing

India's economy as third largest: Just a guarantee of the inevitable

The size of a countrys output matters but says little about the well-being of its people and the dignity with which lives are led

Axe the oil windfall tax: It's outlived its rationale

What should've been a one-off levy at most has settled into on-and-off mode with an air of permanency. Roll it back. Place oil items under GST. Indirect taxes should be less distortive

Can SIPS help in diversifying portfolio?

SIPs can be a great way to diversify your portfolio without the risk of entering the market at the wrong time.

CAPEX: ARE INDIA INC'S ANIMAL SPIRITS BACK?

The private sector has been shy of investing for many years. But 2023-24 could be different

Gaming sponsors brace for impact amid GST turmoil

The marketing budgets of the top gaming industry sponsors could go haywire this year if the Goods and Services Tax (GST) Council on 2 August announces a higher taxation on the industry.

Electric 2-wheelers pick up, but yet to regain FY23 speed

After June's subsidy cuts and price hikes, registrations rose in July; cos expect EV sales to grow

ED at two Hero offices, Pawan Munjal's house

Cooperating with agency, says Hero; I-T had searched its offices in 2022

Aditya Birla Group acquires owner of Yauatcha, Hakkasan

Aditya Birla New Age, the hospitality arm of the aluminium-to-insurance Aditya Birla Group, has acquired Mumbai-based KA Hospitality Pvt. Ltd, founded by late Kishor Bajaj.

o9 Solutions hopes to sustain growth pace, eyes IPO in 2 yrs

The company last month closed a $116 million funding round that valued it at $3.7 billion

India advances digital push at global fora with eye on developing world

India plans to bat for its signature digital public infrastructure (DPI) platforms at the upcoming 78th session of the UN General Assembly starting in September-an annual congregation of some 200 countries. Through its promotional activities, India hopes to win the backing at multilateral forums like the UN for projects related to India's DPI platforms, including UPI, or Unified Payments Interface, Mint has learnt.

Rice export ban clogs ports with 200,000-tonne pileup

Some container-trucks had already left for ports before the government's 20 July notification

Gurugram: Riots rock city, shops set ablaze

Violent mobs roamed the streets of Gurugram on Tuesday afternoon, vandalizing and torching shops and restaurants in Badshahpur, Pataudi Chowk, and Sector 67, hours after a man was killed in Sector 57 and a mosque was burned down.

Rich nations poach nurses amid crisis

A global shortage of healthcare workers is setting off a bruising worldwide battle for talent, as rich countries raid other nations' medical systems for staff to care for their aging populations.

RBI fines 4 PSUs for late reporting

The Reserve Bank of India (RBI) has imposed late submission fees (LSF) of ₹2,000 crore on ONGC Videsh Ltd (OVL), Indian Oil Corp. Ltd, GAIL (India) Ltd, and Oil India Ltd for delayed reporting of their overseas investments, two people familiar with the development said.

Existing ACC battery units may be able to apply for PLI

The government is considering a proposal to allow existing advanced chemistry cell (ACC) battery storage projects to apply for unutilized capacity under the production-linked incentive (PLI) scheme for the sector, two people aware of the matter said.

Low savings rates drive shift to FDs

Spread between savings and term deposits hits three-year high