CATEGORIES

'Risk-return ratio does not favour pvt capital in MDBs'

Harnessing private capital is a key challenge for multilateral development banks (MDBs) as the risk-return ratio is not feasible, says NK Singh, who along with former US treasury secretary Lawrence Summers is the co-convenor of a G20 expert group on strengthening MDBs.

India, Iran plan to route Russia trade through Chabahar

India and Iran plan to step up operationalizing the International North South Trade Corridor (INSTC) in a move to boost trade with Russia, according to Mohammad Miri, an advisor to the Chabahar Free Zone in Iran.

Ukrainian strike disables bridge between Crimea and Russia

A Ukrainian strike disabled the only road bridge connecting Russia with the occupied Crimean Peninsula, hitting once again a major symbol of President Vladimir Putin's rule and constricting Russian supplies to the front lines in southern Ukraine.

HDFC Bank profit jumps 30% on lower provisions

HDFC Bank Ltd, India's largest private sector lender, reported a 30% increase in net profit driven by lower provisions for loan losses and increased other income.

Zee board forms interim panel to run ops as Sebi bars Goenka

Zee Entertainment Enterprises Ltd's (ZEEL's) board has formed an interim committee of senior executives to run operations after managing director Punit Goenka's appeal for relief from a markets regulator order barring him from holding key positions in listed firms failed.

India, US to work on MDBs, climate action, inclusion

India and the US have agreed to collaborate on a range of issues, including strengthening multilateral development banks (MDBs), promoting climate action, and facilitating energy transition, Union finance minister Nirmala Sitharaman said.

GQG raises India game with 5.96% in Patanjali Foods

Patanjali Foods Ltd on Monday said Rajiv Jain's GQG Partners Llc purchased a 5.96% stake in the company in its offer for sale (OFS), sparking a rally in its shares.

'AI To Play A Key Role In Hiring, But Aspirants Like Human Contact First'

Use of AI-based tools can help reach more candidates, reduce bias, find a better match for specialized roles

Bollywood Navigates A Clash Of Streaming Versus Stardom

Bollywood stars, including Shahid Kapoor, Rajkummar Rao, and even Akshay Kumar, who ventured into web originals, or had their films directly stream on over-the-top (OTT) platforms, such as JioCinema, might encounter some difficulties in maintaining their stardom.

Putin Says Russia Will Use Cluster Bombs If It Has To

Russian president warns his country has a sufficient stockpile’ of the controversial weapons

Iran brings back morality police to enforce hijab law

Iran's police said it has formally restored street patrols in a fresh crackdown on women who violate the country's strict dress laws.

Audible's paid user listening hours up 39%

India emerged as one of the fastest growing market in 2022 for Audible, the online audiobook service owned by Amazon, with 39% growth in paid member listening hours over 2021. Since launching its services in November 2018, Audible has operated both free and paid tiers, offering content in Hindi, Tamil, Telugu, Marathi, Urdu and Bengali. The platform's paid subscription, at ₹199 per month, allows users one credit per month that can be used to access one book of their choice.

'Each country debt rejig needs unique strategy'

China emerges as one of the largest official creditors for vulnerable nations

Kotak to take non-exec role after leaving MD post in Dec

Transition is a move to nurture a world-class institution, says Kotak Mahindra Bank founder

FMCG demand trends stable in Ql, cos may report better margins

Demand for fast moving goods consumer (FMCG) rose in the first quarter of FY24 as inflation eased, but revenue growth could moderate sequentially as companies lowered the intensity of price hikes, provided extra grammage, and made direct price cuts. Still, falling raw material prices may aid gross margins.

Oil surge to $80 shows long-awaited market tightening is here

Betting on a tighter oil market has been a bad trade for most of this year. But there are signs it's finally paying off.

Jio Fin demerger, QI earnings to keep RIL stock in focus this week

Reliance Industries Ltd (RIL) saw its stock surge to a 52-week high of ₹2,802 last week aided by the announcement of the record date for demerger of its financial services business, and analysts expect the conglomerate to remain in focus ahead of its June quarter results.

TriVeda bullish on realty fund

TriVeda Capital, a residential real estate-focused alternative investment firm, expects to generate faster cash flows from its maiden fund as it plans to invest in plotted residential projects that have a shorter gestation period than high-rise apartments.

Easebuzz eyes lending foray this fiscal year to chase revenue goal

8i Ventures-backed Easebuzz, which provides digital payments solutions, plans to enter the lending business in a bid to diversify its product offerings to bolster its aim to double revenue in the current financial year.

Genleap US IPO plan gets $50 mn boost from GEM Global

Genleap AI Inc. has secured an investment commitment of $50 million (₹410 crore) from Luxembourg-based alternative investment group GEM Global Yield LLCSCS. The investment will support the US-and Indiabased artificial intelligence-focused startup's plan to go public in the US.

'Hope to invest ₹2-3K crore in India over three to five years'

Copenhagen-based Investment Fund for Developing Countries (IFU) has made more than 100 investments in India so far. In fact, the country is the top investment destination for the Danish development finance institution.

Centre sets stage for mining reforms

The government plans to ease the process of composite exploration licences, smoothen mining clearances and relax the rules for captive mining, two people aware of the development said, outlining planned reform measures.

Telecom bill may not make it to monsoon session as talks continue

The government is unlikely to table the new telecom bill in the monsoon session, said two people familiar with the development, as it is yet to get Cabinet approval.

Govt defers tariff cut for EU tech goods to save local cos

MeitY raises concerns at proposed cuts; India has offered concessions in EU FTA negotiations

Sovereign gold bond sales hit record ₹4,600 cr in Jun

A mid last month's stock market breakout, Indians purchased the largest quantity of sovereign gold bonds (SGBs) at 7.77 tonnes worth a whopping ₹4,604 crore in the first series of this fiscal year, underscoring the preference for an asset that acts as a hedge against inflation and a safe-haven asset at times of global uncertainty.

Electricity assets worth ₹15K cr set for monetization

The Union power ministry aims to raise around ₹15,000 crore through asset monetization in FY24, close to the previous year's target of ₹15,308 crore, a person aware of the development said. However, the government could raise only around ₹9,400 crore in FY23.

Will not let Russia evade curbs: Yellen

The US and its allies are building on actions to \"crack down\" on efforts by Russia to evade sanctions for its invasion of Ukraine, treasury secretary Janet Yellen said on Sunday.

'Non-tax sops better for wooing investors'

At advanced stage of formulating Bill to replace SEZ Act: Malhotra

Wimbledon's depth of startling talent

The depth of the field and diverse talent at Wimbledon leads to an addictive unpredictability, akin to being at a casino

The Balkans: born from the fires of war

The countries in the region offer a peek into the horrors of war, and the craving for peace