CATEGORIES

Gupta's boAt to set sail for public markets only in FY25-26

Audio and wearables brand boAt, which had earlier deferred its public share sale plans amid stock market volatility, is \"not in a hurry\" to go for a listing, and is looking at FY25-FY26 timeframe for the IPO, co-founder Aman Gupta said.

Swarming Infosys shorts likely to feel pain if earnings recover

Bears on Indian technology bellwether Infosys Ltd may be in for a reckoning if the company's upcoming results show an expected recovery in orders.

Uth Beverage acquires online nutrition platform HealthXP

A company led by Samit Mehta, executive à director at drugmaker Emcure Pharma, has acquired HealthXP, an online nutrition and sports supplement brand, two people aware of the development said.

Welspun One Logistics Parks raises ₹1K crore for 2nd fund

Welspun One Logistics Parks, part of Mumbai-based conglomerate Welspun Group, said on Tuesday it has raised the primary target corpus of ₹1,000 crore ($122 million) for its second fund which marked its initial close in May.

RenewBuy secures $40 mn from Japan's Dai-ichi Life Holdings

Insurtech startup RenewBuy, run by D2C Insurance Broking Pvt. Ltd, on Tuesday said it has raised $40 million (₹328 crore) in an ongoing Series D round of funding from Japanese life insurer Daiichi Life Holdings.

Infosys wins $2bn AI deal from its existing client for five years

Infosys, India’s second-largest information technology (IT) services company by market capitalization, late on Monday said that it has signed a mega deal with one of its existing clients. In an exchange filing, the company said that the deal to provide artificial intelligence (AI) and automation development, modernization and maintenance services is valued at $2 billion, and will be spread over the next five years.

Zetwerk turns one of India's biggest startups by revenue

The company posted more than twofold jump in revenue to about ₹11,450 crore in FY23

India, Russia explore trade facilitation deal for quicker port clearance

India and Russia are exploring a deal on facilitating cross-border trade by cutting red tape so that consignments are cleared quickly at ports, improving efficiency in trade, an official said.

'EBRD will help Indian firms diversify'

Odile Renaud-Basso, president of the European Bank for Reconstruction and Development (EBRD), a multilateral development bank that funnels investments to build market economies, will be meeting Indian business leaders in New Delhi on Wednesday, 19 July.

Oppn bands together under INDIA banner to defeat NDA

Vow to fight for democracy, Constitution and people 'reeling under inflation, unemployment'

Adani assures focus on governance at shareholder meet

Billionaire Gautam Adani emphasized his group’s commitment to improving governance standards during Adani Enterprises Ltd’s (AEL’s) first shareholder meeting after allegations of stock manipulation and accounting fraud made by US-based short-seller Hindenburg Research earlier this year.

Ukraine torpedoes G20 policymakers' statement

India releases chair summary as members fail to reach accord on official statement

Why Home Loan EMIs Are Unlikely To Ease Soon

The war against inflation isn't over. is highly unlikely that RBI will cut interest rates in August

Viral Trends Make The Daily 10,000 Steps Fun

Trends like Weird Walk and Hot Girl Walk® have given a new glow up to walking, the most basic form of exercise. And everyone's joining in

Without Sleep, Exercise Doesn't Do Much Good

A new study finds an important link between sleep, exercise and cognition

How diversified should my portfolio be?

For large-cap exposure, you may want to opt for an index fund as only a few active fund managers have outperformed the index in recent years and this trend may continue in the future.

How to get slow muscle loss and get fitter as you age

Powerful resistance training strengthens both muscle and soft tissue, which helps counter the effects of ageing

Russia halts wartime deal allowing Ukraine to ship grain

Russia complained that restrictions on shipping and insurance have hampered its exports of food and fertilizer

NCLT to hear lessors' pleas for SpiceJet insolvency in August

The National Company Law Tribunal (NCLT) has postponed the hearing of insolvency pleas against budget carrier SpiceJet, granting the airline 10 days to file a rejoinder. The pleas were filed by aircraft lessors Aircastle of Ireland and Wilmington Trust. The court is scheduled to hear the Aircastle case on 8 August, and Wilmington Trust's plea on 17 August.

Temasek doubles investments, ups diligence as valuations reset

Temasek Holdings Pvt. Ltd has doubled its pace of investments in India, amid the valuation reset in the tech ecosystem, and will increase its focus on due diligence and scrutiny for potential investment opportunities, senior executives Ravi Lambah and Mohit Bhandari said in an interview.

BMW tops premium battery EV market in India, led by iX

With improved chip supply, the German carmaker expects record sales of its 7 Series in FY24

Costlier food matching MPC inflation view: RBI

Sudden rise in inflation in June prompted economists to revise forecasts

Improved US performance to pep up Indian pharma QI show

The Indian pharma market (IPM), which is estimated to have grown 4.5% year-on-year (y-o-y) in June, will find support from strong performance in the US even as domestic growth remains slow in the June quarter.

Oil slides more than 1% as China GDP dents hope of demand rise

Oil dropped by more than 1% on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world's second-biggest oil consumer while a partial restart of halted Libyan output also pressured.

India to issue framework on $730 mn quantum mission in Aug

The department of science and technology (DST), under the ministry of science and technology, is working on a vision document to define an execution model for India's $730 million National Quantum Mission (NQM).

Djax Tech founder floats ₹50 cr VC fund to back early-stage cos

Ram Kumar, founder and chief executive of adtech company Djax Technologies, has hit the road to raise funds for Djax Ventures, his maiden venture capital firm that will invest in early-stage startups.

Mintifi plans offline expansion

Mintifi, a Mumbai-based supply chain financing startup, aims to open more than 100 branches in India this financial year as part of its strategy to expand its operations and grow its presence offline. \"We have been building our physical distribution network,\" Anup Agarwal, co-founder of Mintifi said in an interview. \"Because we fundamentally believe that while lending can be automated, collections cannot be fully automated. You still need people on the ground to go out and collect your payments in case the customer is doing it\".

Sheela Foam to raise ₹1.5K cr to fund Kurlon, Furlenco buys

Furlenco deal is expected to close by Aug-end, and the Kurlon transaction by the end of Nov

NHAI plans ₹1.5 tn award for 6,000 km

State-run NHAI plans to award 6,000 km of highways requiring over ₹1.5 trillion investment in the current fiscal under the hybrid and EPC route, with the share likely to be 65% and 35% respectively.

€500 million in EU's first phase funding for India green energy

European Investment Bank (EIB), the lending arm of the European Union, plans to invest about €1 billion in India's renewable energy sector, EIB's vice president Kris Peeter confirmed.