CATEGORIES

Group led by Lifelong snaps up GoMechanic

Co was earlier reported to be in talks with Spinny, Cars24 and CarTrade

Russia suggests trade payment ₹ in via UAE

Sanctions-hit Russia is looking to settle its oil sales to India in rupees by involving the UAE, two people aware of the proposal said.

India to launch Bio E-3 policy to attract ₹10k-cr investment

The Union government is working on a policy to boost biotechnology-based manufacturing for green growth, a top government official said.

Competition Bill with higher fines provision gets LS okay

The goal is to levy a penalty as a percentage of the global turnover of the offending company

Startup funds crunch is not affecting IPL sponsorship

Indian Premier League (IPL) franchises are set to generate record sponsorship revenues this season despite a funding drought that has sidelined many of last season’s heavy-spending startups.

Air India raises ₹14,000 cr loan from SBI, BoB

Tata group-owned Air India has secured ₹14,000 crore in funding from State Bank of India and Bank of Baroda through a mix of fresh loans and refinance of existing debt, two people aware of the development said.

PE funds get to be promoters of MFs

Move may quicken consolidation in India's ₹41-tn MF industry

Repayment collection in India is a new field of tech innovation

A consumer lending boom has given tech platforms an opportunity

The entry of foreign firms should herald more legal sector reforms

In a surprise move, the Bar Council of India (BCI) has taken a reformatory step towards allowing foreign lawyers and foreign law firms to practise and set up offices in India. This comes after multiple rounds of litigation before various high courts and the Supreme Court of India, where the BCI and several bar associations had opposed the move.

Principles mustn't cede space to the pragmatic

India's Supreme Court has asked banks to hear defaulters out before classifying their loan accounts as fraudulent. This is likely to vex bankers, but it's an elementary demand of justice

How Nikhat and Lovlina punched their way to gold

With four world champions, including Nikhat Zareen and Lovlina Borgohain, Indian women dominate boxing

An American in the Women's Premier League

Tara Norris of the Delhi Capitals made waves with a five-wicket haul

WPL: A triumph for women's cricket in India

The inaugural Women's Premier League captured the imagination of the cricket world with thrilling games and excellent players

Why Morningstar its PMS business in India is exiting

Barely four years after it launched the PMS vertical, the company announced a surprise exit

WHY NOBODY WANTS TO REVAMP MUMBAI'S SLUMS

Slum redevelopment has become a risky, tardy and messy affair

FDIC added sweeteners in deals to offload SVB, Signature Bank

The Federal Deposit Insurance Corp. stuck to its guns and didn't offer bailouts to keep two lenders from collapsing. Instead, it struck deals that included millions of dollars of sweeteners for the acquiring banks that sent their stocks soaring.

US, Japan strike trade deal on electric vehicle battery minerals

The United States and Japan on Tuesday announced a trade deal on electric vehicle battery minerals that is key to strengthening their battery supply chains and granting Japanese automakers wider access to a new $7,500 US EV tax credit.

Scottish Muslim leader's rise underlines 'new norm' in the UK

The jury is out on whether Humza Yousaf can deliver independence for Scotland.

Alibaba splits into six, plans new IPOs in historic overhaul

Move frees up firm's main divisions, from e-commerce and media to the cloud, to operate with more autonomy

EV battery swap policy stuck a year after draft

Industry resistance to inter-operability standards has stalled the release

Google, Al startup Replit tie up to take on GitHub

Alphabet Inc.'s Google is striking a partnership to com A bine its artificial intelligence language models with software from startup Replit Inc. that helps computer programmers write code, a bid to compete with a similar product from Microsoft Corp.'s GitHub and OpenAI.

China demand uncertainty caps steel firms' prospects

Stagnant local demand in China, and its increased exports, could pressure global prices

Microsoft rolls out OpenAI-based tools to fight cyberattack

Microsoft Corp., extending a frenzy of artificial intelligence software releases, is introducing new chat tools that can help cybersecurity teams ward off hacks and clean up after an attack.

Fleet additions down to 4-yr low in '22; fares to remain firm

Net fleet additions in 2022 shrank to seven, compared to a net induction of 141 aircraft in 2021

Credit Suisse seeks to soothe Swiss clients on UBS worries

Credit Suisse Group AG's top executives in Switzerland sought to reassure local clients over worries stemming from the takeover by UBS Group AG, and underlined the importance that the domestic business has for the new combined bank.

Vedanta to pay $927 mn dividend

Vedanta Ltd., billionaire Anil Agarwal's Indian commodities major, will hand out a fifth dividend for the financial year ending Friday as parent Vedanta Resources Ltd seeks to shore up funds to trim debt.

Sebi eases norms for onboarding of FPIs

Markets regulator Sebi has simplified the procedural requirements for onboarding of Foreign Portfolio Investors (FPIs) in a bid to facilitate ease of doing business and to reduce the time taken for their registration.

Asset sale alone won't re-rate Dalmia Bharat

Dalmia Bharat Ltd has inched a step closer to its objective of becoming a pure play cement producer. Its wholly-owned unit Dalmia Cement (Bharat) Ltd has entered into a binding agreement to sell its entire 42.36% stake in the refractory business to promoter group company, Sarvapriya Healthcare Solutions Pvt. Ltd.

IT firms may halve fresher intake as BFSI clients cut spends

Fresh engineering graduates may have a tough time securing jobs in 2023 as IT services companies are set to further trim their headcounts in the first half of the year.

Tech SME revenues to double to $40 bn by FY30: Nasscom

Small and medium-sized enterprises (SMEs) in the Indian tech industry are likely to generate revenues of $35-40 billion by FY30, a sharp rise from $15-20 billion in FY23, industry body Nasscom said on Tuesday.