CATEGORIES

NSE listing process still to get Sebi nod

NSE is still waiting for Sebi approval for its listing process, the bourse's MD & CEO Ashishkumar Chauhan said during a concall after the release of its Q4 results.

Indian Hotels raises the bar a little amid good momentum

The Indian Hotels Co. Ltd (IHCL)'s progress towards its goals set under the Ahvaan strategy 2025 is encouraging. The FY23 margin is near the target.

BoB ends FY23 on a strong note

Public sector lender Bank of Baroda’s (BoB) March quarter (Q4FY23) earnings performance was an all-round show. Profit after tax more than doubled year-on-year to ₹4,775 crore, beating consensus estimates. Net interest income (NII) rose almost 34%, aided by strong credit growth momentum.

Shadowfax taps Newquest for $30 mn

Shadowfax Technologies Ltd is in early talks with Newquest Capital Partners to raise $30 million, three people aware of the matter said. The new-age logistics services provider is seeking a $400 million-450 million valuation.

How Airpay fought for survival and triumphed

It made a pivot, reorganized business and grew amid the pandemic

Indonesia in talks with Indian firms for big-ticket infra investments

Indonesia's government has been in talks with Indian infrastructure firms to develop key projects in the Southeast Asian nation, according to persons aware of the matter.

Merger approvals for startups, small businesses fast-tracked

The ministry of corporate affairs has made it easier for small companies and startups to secure the green flag for mergers by way of 'deemed approvals'.

Highway construction falls again, gets off to a poor start in FY2024

Highway construction in April fell 75% sequentially to just over 500 km, according to data from the ministry of road transport and highways, marking a poor start to the government’s road-building target for the year.

India cites EU steel tariff to defend its electronics duty

A compromise in Brussels could see matter taken out of hands of the WTO dispute panel

RBI to take up dividend payout plan on Friday

The Reserve Bank of India's board will meet on Friday, when it is expected to consider a dividend payout to the government, according to people with knowledge of the matter.

Govt names Ravneet Kaur as CCI chief for five years

The central government has named Ravneet Kaur as chairperson of the Competition Commission of India (CCI), two people familiar with the development said, citing an official order.

Tesla execs to meet Indian officials for local sourcing talks

A group of senior Tesla Inc. executives plan to visit India this week to meet with government officials in a fresh bid to deepen the carmaker's supply chain in the country as it pushes to diversify beyond China.

Global chip giants eye India presence

Announcements in this regard are likely to happen soon

Zelensky meets Sunak; wins more arms in Europe

Ukraine on Monday hailed its first substantial battlefield advances for six months as president Volodymyr Zelensky won pledges of new long-range drones in Britain to add to a haul of Western arms for a counteroffensive against Russian invaders.

Turkey set for runoff as Erdogan falls short

The president won 49.5% of the votes with nearly all the ballots counted

PVR Inox to shut 50 screens in 6 months

The newly merged PVR Inox entity plans to shut down approximately 50 cinema screens over the next six months.

Telcos ask govt to apply licence rules to messaging apps

India's telecom operators are urging the Centre to extend licensing conditions applicable to them to apps offering messaging and calling services, following the rise in unsolicited calls from international numbers on Whatsapp.

Market raises a toast to DLF after record year, strong FY24 prospects

DLF Ltd’s stock hit a new 52-week high of ₹475.80 apiece on Monday before closing around 7% higher.

SpiceXpress taps UK group for $100 mn

SpiceJet Ltd's freighter unit will raise $100 million (about 1823 crore) from UK's SRAM & MRAM Group to further scale its operations in a growing Indian air cargo market.

Amazon leads ₹110 cr round in men's innerwear firm XYXX

E-commerce giant buys significant minority stake through Amazon Smbhav Venture Fund

India to press for just energy transition'

India will press for a \"just energy transition\" at the G-20 parleys, a top government official said on Monday, pointing out that 5 million people are directly dependent on coal mining.

India and Russia settle some trade in rupees: Uco Bank

India and Russia have been settling some of their non-oil trade in rupees since the beginning of this year, said a top official at state-run UCO Bank, which is involved in the transactions.

Russia turns India's biggest crude supplier by volume

However, in terms of value of imports, Iraq was India's largest oil source in FY23

India, Indonesia likely to expand ties in air force

India and Indonesia are seeking to boost cooperation between their air forces, according to persons aware of the matter.

Old oil tankers fetch shipping cos big bucks thanks to Russia

Gone With the Wind\" anti-hero Rhett Butler's brutal take on war still resonates almost a century later.

ZestMoney sees founder exits, uncertain future

Two months after a deal to be acquired by Walmart-owned PhonePe fell through, all three founders of the Bangalore-based digital lending platform ZestMoney have resigned, plunging the eight-year-old company and its some 100 employees into uncertainty.

Claims baseless, no probe into Adani since 2016, Sebi tells SC

The markets regulator has not investigated publicly traded Adani group companies since 2016 for suspected misuse of global depository receipts (GDRs) to route black money or any other violation, the Securities and Exchange Board of India (Sebi) told the Supreme Court on Monday.

Exports plunge most in 3 years as demand cools

India’s goods exports fell the steepest in three years in April as weakening global demand and declining commodity prices continued to weigh on outbound shipments. Exports declined by nearly 13% in April to $34.66 billion from $39.70 billion in the year-ago period, commerce ministry data showed.

Wholesale inflation hits near 3-year low in April

Wholesale inflation contracted for the first time in three years in April as global commodity prices softened, easing pressure on raw material costs used by factories.

Gift City examines Indian stock UDRS

The International Financial Services Centre Authority (IFSCA), the regulatory body overseeing GIFT City’s international financial services centre, is considering permitting unsponsored depository receipts (UDRs) for Indian shares, two people aware of the matter said.