CATEGORIES

ReNew, Petronas arm in 5GW clean energy deal

Firms announce equal JV to develop solar, wind, energy storage projects

ICC World Cup date change may spark hotel cancellations

According to a senior BCCI official its decision on the date change will be announced on Wednesday

Shoppers Stop to expand affordable fashion footprint

During the June quarter, Shoppers Stop opened 3 stores under the 'Intune' format; 2 in Hyderabad and one in Mumbai

Tesla eyes Asian mkts with upcoming low-cost model

Co has been cutting prices across its models to attract customers amid high inflation

LIC MF ranking to jump a notch after merger with IDBI MF

The integration of the IDBI Mutual Fund schemes with those of LIC MF could push up the ranking of the latter by a notch to 22 after the transfer concludes on 29 July, said a top official of LIC MF. The ranking is by assets under management (AUM).

Marico to take majority stake in plant-based nutrition brand Plix

Packaged consumer goods company Marico Ltd has signed a definitive agreement to acquire a majority stake in Satiya Nutraceuticals Private Ltd that owns plant-based nutrition brand Plix for ₹369 crore.

Axis Bank clocks 41% profit growth in Q1

Private sector lender Axis bank reported a 41% year-on-year (y-o-y) increase in net profit for the first quarter of the current fiscal, driven by higher net interest income and fee income.

AI leaders to form industry watchdog as scrutiny grows

The effort aims to consolidate the expertise of member firms and create benchmarks for the industry

Drug firms move ministry over FDC ban, seek time to sell stock

The Indian Drugs Manufacturers Association has presented its case to the top drug regulator, urging a re-evaluation of the ban on 14 fixed dose combination drugs (FDC), besides granting a grace period for liquidating existing inventory.

'Finland's quantum help for India soon'

Finland will help India develop and build quantum computers here, Finnish diplomat Kimmo Siira said in an exclusive interview with Mint.

House panel in favour of economic ties with Pakistan

Parliament Standing Committee on Foreign Affairs urged the government to consider the establishment of economic ties with Pakistan, despite the diplomatic deep freeze in bilateral relations for some time.

Fewer working Asians will hit growth worldwide: Moody's

Trouble ahead for six Asian nations without better productivity gains, workforce participation

Mystery deepens around China's former foreign minister

China’s former foreign minister, who was replaced on Tuesday after he went missing from public view for more than a month, is now disappearing from parts of the Foreign Ministry’s website — an erasure that is intensifying intrigue around what happened to him.

UK pushes for bottling of whisky in third country

British officials negotiating a free trade agreement (FTA) are advocating bottling their whisky ‘in transit’ in a third country for reasons related to cost, logistics, and ‘premium-ness’ of the products, a person aware of the development said.

Jio Financial joins BlackRock to launch asset management firm

Jio Financial Services Ltd, the demerged financial lending arm of Reliance Industries Ltd, and BlackRock, the world’s largest asset manager, have joined hands to set up an asset management company with a combined investment of $300 million.

GST Council nod for gaming tax law changes on 2 Aug

GST Council, the federal indirect tax body, will meet virtually on 2 August to clear changes in the goods and services tax (GST) law needed to implement the decision taken earlier this month regarding the levy of 28% tax on the full value of online gaming bets, a person familiar with the development said.

NCLT allows Go First to use leased aircraft

The National Company Law Tribunal (NCLT) has granted relief to bankrupt Go First, allowing the grounded airline to utilize leased aircraft as it prepares to resume operations.

LS okays forest bill amid Manipur row

Parliament sees disruption over Manipur violence

Mahindra eyes 9.9% stake in RBL Bank

Move surprises investors who termed the transaction \"bold\"

Bazball, poor selection revive world's biggest Test rivalry

The ongoing Ashes series, with its fair share of controversy, has been a celebration of Test cricket at its finest

Elon Musk's X looks too far off the mark as a 'super app' shot

Rejigged Twitter could lose value without getting anywhere close

Oppenheimer's project should inspire climate action urgency

We're in a similar race against time but this emergency differs s as a challenge since both governments and markets must act

Help savers: Let interest rates turn more flexible

For over 60 million subscribers of the Employees’ Provident Fund Organisation (EPFO), the finance ministry’s nod this week to the body’s proposed interest payout at an 8.15% rate for 2022-23 must have come as a relief.

How can I build a corpus of ₹2 cr within the next 7 years?

Out of your current investments, you can continue to hold ₹5 lakh in fixed deposits as contingency fund to ensure that no emergency derails your investments.

Sebi seeks changes in order on Goenka

Securities and Exchange Board of India (Sebi) on Tuesday filed an application to modify a 10 July order of the Securities Appellate Tribunal (SAT) against Zee Entertainment Enterprises chief executive Punit Goenka.

AirAsia seeks early merger with AI Express

AirAsia India has sought approvals from Directorate General of Civil Aviation (DGCA) to expedite its integration with Air India Express, including a rebranding from AirAsia India to AI Express, three people familiar with the matter said.

DGCA lifts enhanced SpiceJet surveillance after nearly a year

In a respite for SpiceJet, the Directorate General of Civil Aviation (DGCA) has removed the budget airline from enhanced surveillance.

Bajaj Auto Q1 profit up 42% to ₹1,665 cr

Two-wheeler maker Bajaj Auto reported a 42% rise in its net profit to ₹1,665 crore in the June quarter, primarily driven by motorcycle sales in the domestic market, which managed to offset the impact of challenging conditions in the export markets.

Chubb eyes 49% in Kotak insurance arm

US insurer Chubb is in talks to acquire a 49% stake in Kotak General Insurance and has become a more favoured suitor than Zurich Insurance Group, two people with direct knowledge of the discussions said.

JLR drives Tata Motors to ₹3,203 cr profit in Q1

Revenue from operations surges 42% from a year earlier to ₹1.02 trillion