CATEGORIES

Cheap crude helps RIL beat estimates

Reliance Industries Ltd has posted an 18% quarterly profit growth, beating analysts’ expectations, driven by strong growth across its various business segments, including refining and telecom.

HDFC merger gets partial rule waiver

Relief on priority sector lending; none on CRR, SLR, LCR

Stomach, Breathing Complaints Mount As Heatwave Hit Early This Year

This year, summer-related complications are showing up earlier than usual, with fatalities from heat stroke already nearing a dozen in Maharashtra.

Fortis Healthcare agrees to buy Medeor Hospital for ₹225 crore

Fortis Healthcare Ltd informed Indian bourses that it has signed definitive agreement with VPS Group for acquisition

Russia now largest oil exporter to India

India has significant import requirements for crude, as 80% of its oil needs comes from imports

Covid cases to dip 90% from 15 May

Covid-19 cases may start dropping to 1,000-2,000 per day starting 15 May, from more than 12,000 on Thursday, according to top government experts monitoring the situation in India

Final WTO order on IT tariffs could take 5 years

The WTO’s dispute settlement panell found tariffs imposed by India on mobile phones and electronic components in violation of the General Agreement on Tariffs and Trade.

India scans EU carbon tax for likely violation of WTO rules

CBAM move expected to impact exports worth over $8 billion to the EU from 2026

States set to ease labour laws, lure multinationals

States, including Tamil Nadu and Uttar Pradesh, are likely to amend labour policies by allowing flexibilities such as 12-hour shifts and night-time work shifts for women, the official said

Anchor investors may play safe after bloody nose from 2021

Primary market fundraising may plunge 35% from ₹59,412 cr in 2022 to ₹38K cr- ₹40K cr this year

MPC members caution against over-tightening

Earlier this month, RBI kept the repo rate unexpectedly steady at 6.5% following six consecutive rate hikes since May last year.

Sebi embraces tech, seeks more powers

Expanded powers may pave way for AI-based trading products

Tesla's bold price cuts put lofty valuation to test

The average estimate for automotive gross margin in the first quarter has fallen by about a fifth since late-Dec

Citigroup predicts stock market blow as $800 bn stimulus fades

Equities and other risk assets will take a hit when central banks withdraw as much as $800 billion of stimulus deployed to prop up the global economy, according to Citigroup Inc.

Go Digit asks IRDAI for clarity on lock-in

Go Digit General Insurance’s promoters and employee stock option holders are faced with unexpected challenges because of new insurance rules, said people with direct knowledge of the situation.

Antler India set to seal final close of expanded $75 mn debut fund

Antler India, the local arm of Singapore-based early-stage investment platform that primarily invests in pre-seed startups, plans to make the first close of its debut fund by July-August, said a top executive.

India taps partners for safety of its citizens in Sudan

The Indian community in Sudan is estimated to be 4,000 strong, of which 1,500 are long-time residents.

Power price surges as heatwave triggers near-record demand

Power prices on the exchange have been hitting the ceiling of ₹10 per kWh (kilowatt hour) in the past 10 days due to near-record power demand fuelled by soaring temperatures.

Windfall tax on crude oil returns amid price surge

The tax that is meant to mop up some of the super-profits that producers make during global price surges is revised on a fortnightly basis.

Quantum mission kicks off; ₹6K cr for eight years

Over the eight-year mission period, the government aims to help build up to 1,000 qubits of quantum computing power, and 2,000 km of quantum communications network in India.

Tim Cook commits to doubling jobs creation in India

Apple plans to double the number of jobs created in India, building on the 100,000 generated in the past two years through manufacturing and other operations. Apple is also exploring options to expand its manufacturing base in India and bring other product lines under the Make in India initiative.

On top of the world: India most populous

India’s population won’t peak until 2065, a UN report has stated

Musk plans own ChatGPT AI to challenge Microsoft, Google

Elon Musk wants to create a rival to artificial intelligence phenom ChatGPT.

Malaysia Air pivots to India amid China's reopening uncertainty

Malaysia Airlines Bhd will increasingly focus on the Indian market with the airline still not seeing China bounce back after its sudden reopening following years of covid restrictions.

'Easy for HDFC Bank to achieve SLR, CRR'

HDFC Bank Ltd, India's biggest private lender, is comfortably placed to meet reserve ratio requirements post its merger with parent HDFC Ltd, even as it waits for a final view from the central bank on requests for forbearance, three people told Reuters.

L'Oréal joins DSG's 4th fund

L'Oréal has made an undisclosed strategic investment in the fund through its venture capital arm, BOLD, or Business Opportunities for L'Oréal Development. This follows L'Oréal's 2019 bet in consumer-focused VC Fireside Ventures' second fund via BOLD.

Govt tightens norms for IVF procedures

The health ministry has tightened regulations for Assisted Reproductive Technology (ART), commonly used to treat infertility through vitro fertilization (IVF), aiming to rein in a mushrooming money-making industry.

Vedanta-Foxconn chip JV to generate sales by FY27

Akarsh Hebbar, managing director of Vedanta's semiconductor and global display business, said the equity structure of the venture would not change and that they had inked an agreement with a technology partner for the semiconductor fab unit

Exam jitters grip finance pros as Sebi mandates certification

These new provisions are part of a larger revamp of AIF norms currently being undertaken by Sebi

Valuations dive in pvt markets as VCS count cash

“Six months ago, founders were keeping value exploration at a later stage with a convertible round. But now, they prefer a clean down round,\" said Kashyap Chanchani, managing partner of The Rainmaker Group, a homegrown investment bank focused on new-age companies.