CATEGORIES

China cos join offshore push

Chinese car parts makers are facing growing pressure from overseas customers to set up factories outside the country as mounting trade tensions and three years of Covid lockdowns make them wary of relying too heavily on China.

Vedanta in talks with Farallon to raise $1 bn

Vedanta Ltd., billionaire Anil Agarwal's commodities major, is in talks with US-based Farallon Capital Management to raise at least $1 billion, according to people familiar with the matter.

Sebi nudges AIFs to launch direct plans

To bring transparency in expenses and curb misselling, markets regulator Sebi has asked alternative investment funds (AIFs) to provide an option of \"direct plan\" for investors and introduced a trail model for distribution commission.

BankBazaar.com to go public

BankBazaar.com plans to go public in next 12-18 months

Prudent for global biz to diversify supply chains: FM

Speaking at the Peterson Institute for International Economics in Washington DC, Sitharaman said that however much one would think that supply chains would move out of China, that would not be the case.

IMD sees normal rainfall this season

Positive Indian Ocean Dipole likely to offset El Nino: forecaster. The probability forecasts suggest a 51% chance of a below-normal monsoon, Aditi Nayar of ICRA said

EV battery stocks in Korea add to this year's sharp gains

Korean stocks tied to the electric vehicles' battery space extended this year's frenzied rally on Monday, with market watchers citing a slew of positive developments in the sector.

India can help with peace: Ukraine

Emine Dzhaparova, first Ukraine's dy FM with MEA secretary Sanjay Verma, in Delhi

Gin maker eyes more spirits

Makers of Stranger & Sons gin, Third Eye Distillery Holdings Pvt Ltd which acquired a controlling stake in craft tonics and mixers brand Svami last year now plans to expand its presence laterally by acquiring other smaller drinks businesses in the country.

OIS market sees rate cuts before 2023 end

India's overnight indexed swap (OIS) rates are pricing in interest rate cuts by the Reserve Bank of India (RBI) with a clear timeline after the central bank kept rates unchanged last week, analysts said.

JSW One Platforms to seek NBFC licence

Japan's Mitsui & Co.-backed business-to-business (B2B) e-commerce startup JSW One Platforms is set to apply for a non-banking financial company (NBFC) licence, chief executive Gaurav Sachdev said on Monday.

'Banks must ensure outsourcing doesn't hit customer obligations'

The Reserve Bank of India on Monday came out with detailed norms for outsourcing of IT services by banks, NBFCs and regulated financial sector entities to ensure that such arrangements do not undermine their responsibilities and obligations to customers.

Russian deputy prime minister to visit India in April

Russian deputy prime minister Denis Manturov is expected to visit India this month, according to persons aware of the matter.

Glenmark weighs sale of API business to pare debt

Glenmark Pharmaceuticals Ltd is considering selling a majority stake in Glenmark Life Sciences to pare debt, said two people familiar with the development.

Centre plans capital support for building inland waterways ships

VGF is a partial government capital grant for large and long-gestation public-private partnership (PPP) infrastructure projects

Manipal closes in on KIMS Health

After the AMRI acquisition is approved, the total number of beds for Manipal Group will cross 9,000.

Gold Imports Dip 30% To $31.8 Billion

India's gold imports, which have a bearing on the current account deficit, fell about 30% to $31.8 billion during April-February 2023 due to high customs duty and global economic uncertainties, according to data from the commerce ministry.

India Is Home To 75% Of Global Tigers; Count Rises Above 3,000

Prime Minister Modi said it's a matter of pride not only for India but the entire world

Goyal to visit Italy, France next week

Commerce and industry minister Piyush Goyal will hold a series of meetings with leaders and top CEOs of France and Italy next week during his three-day visit to these two countries to further boost trade and investment ties, the ministry of commerce said on Sunday.

Banks, automakers likely to lead earnings growth in Q4

Manufacturing firms are likely to face continued margin pressure due to a rise in input costs

'We can't have brands in portfolio that aren't perceived as premium'

The worst is behind for India’s hotel industry, and FY24 was the beginning of an upcycle after almost two years of devastation, said Puneet Chhatwal, managing director and chief executive, Indian Hotels Co. Ltd. Even if the industry faces another black swan event like covid-19, it will be in a better position to navigate, he said an interview, while discussing how the Indian hospitality industry is shaping up and why it was important for the company to fast-track its growth. Despite signing 36 properties over the last 12 months, IHCL is eager to add more hotels to its portfolio. Edited excerpts:

YouTube ad co Channel Factory sees huge potential in India

US-based YouTube advertising company Channel Factory, which entered India last month in partnership with Indian advertising and marketing firm Y&A Transformation, is betting big on the potential in India. The company, which offers ad tech solutions to YouTube advertisers worldwide to help maximize performance efficiency, says almost 28% of money spent on YouTube goes waste. It claims that while there are over 35 million YouTube channels, the top 20% get 80-90% of eyeballs.

Adani Group's brand custodian steps down from NDTV board

Adani group's corporate brand custodian and head of corporate affairs Aman Kumar Singh, who is facing a corruption charge in Chhattisgarh, has resigned from the board of NDTV Ltd due to other preoccupations.

India's imports of Russian oil now double of Iraq

India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq the nation's traditional top oil supplier. But the purchases appear to have plateaued as growth has slowed.

Italy to send naval patrol vessel to Indo-Pacific next year, says envoy

Italy will send a naval patrol vessel, the Morosini, to the Indo-Pacific in August next year, Italian Ambassador to India Vincenzo de Luca said, in a sign of growing western interest in the strategically important region.

Electric 2-wheeler cos improve Ebitda margins, revenues

India's top electric two-wheeler makers improved their financial health in FY22 as revenues surged on booming demand, a VCCircle analysis showed.

Govt plans training for senior civil servants in public health

The Union health ministry is developing a training curriculum for civil servants who have recently been promoted to joint secretary or higher positions so that they can help tackle public health challenges confronting India.

India defends MSP at WTO

India defended its minimum support price programme for procuring domestic foodgrain at a World Trade Organization (WTO) meeting, saying it not only ensured food security but also kept global food prices from surging in the backdrop of the Ukraine war.

RoCs set to crack the whip on company law violators

RoCs oversee registration of companies and LLPs, ensuring these entities follow the law

Tesla to build battery unit in Shanghai

Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.