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Govt proposes fund to explore offshore mining

The government proposes to set up a fund for exploration of offshore mining and mitigation of its adverse effects.

AEL pips RIL to become top traded stock on NSE

Gautam Adani might have ceded his position as the richest Indian to Mukesh Ambani, but, in an unflattering comparison, his group flagship Adani Enterprises (AEL) has trumped Ambani's Reliance Industries Ltd to become the most actively traded scrip on NSE so far this month.

Carlyle Aviation converts SpiceJet's dues into 7.5% stake

Low-cost carrier SpiceJet Ltd said Carlyle Aviation now holds a 7.5% stake in the airline after converting $100 million of outstanding dues into equity. Carlyle also acquired compulsorily convertible debentures in SpiceXpress, the airline's cargo arm.

Govt plans revamp of auto insurance policy

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Lumax to ride on premium PV, SUV trend

Lumax Auto Technologies, a manufacturer of integrated plastic modules and gear shifters for automobiles, aims to capitalize on new opportunities as premiumization in the passenger vehicle industry drives demand for high-value components.

Emirates, Air India eye codeshare pact

Emirates looks to join hands with a strong and premium airline like Air India to operate in the subcontinent, he said.

Italy shipwreck kills 58 migrants

Italian Prime Minister Giorgia Meloni expresses \"deep sorrow\" for the deaths, blames human traffickers

G20 aims for global deal on MNC taxing rights in HI 2023

The document called for finalising negotiations under the second pillar of the package-a global minimum tax.

For ice-cream lovers, soaring milk prices may leave a sour taste

Consumers can expect to pay more for their summer treats as many ice cream makers plan to pass on to customers the rising costs of milk, a key ingredient. Several ice cream makers have, in fact, already effected price hikes in January and February, citing unusually high commodity inflation.

Railways eyes pvt funding to redevelop 15 stations

Indian Railways is exploring a new public-private partnership (PPP) model to attract private investment to redevelop railway stations, two people aware of the development said.

Goan feni to set sail for foreign shores, with mahua to follow

Goa's famous feni, a cashew fruit-based alcoholic beverage, may soon find its way to the shelves of overseas liquor stores, with the Indian government encouraging the industry to adopt international standards and streamline supply chains.

Govt may ask HZL to explore share swap, rights issues

Hindustan Zinc Ltd (HZL) should explore alternative financial strategies other than handing out cash for the proposed $2.98 billion acquisition of Vedanta Ltd's zinc assets, a government official aware of the plans said.

Greenko taps cash flow to prepay debt of $500 mn

Greenko Energy Holdings has prepaid $500 million of global bonds, scheduled for repayment in August 2023, using its own cash flow.

Fabindia calls off share sale amid mkt uncertainty

Fabindia Ltd, a retailer of Indian ethnic wear, has withdrawn its initial share sale documents for its proposed ₹4,000 crore initial public offering amid market uncertainty.

SpiceJet net profit quadruples in Q3 on higher demand, fares

SpiceJet Ltd unexpectedly reported a four-fold jump in earnings to ₹106.8 crore for the December quarter thanks to robust demand and higher fares, driving the low-fare airline's shares up 12.3% on Friday.

Godrej & Boyce loses plea in bullet train land dispute

The Supreme Court on Thursday dismissed Godrej & Boyce Manufacturing Co. Ltd's appeal against the Maharashtra government's acquisition of its Vikhroli land for the Mumbai Ahmedabad bullet train project.

Debt load may pose threat to nations: PM

Modi asks G20 delegates to revive stability, confidence, growth

NCLAT stays ZEE insolvency order

The National Company Law Appellate Tribunal (NCLAT) on Friday stayed insolvency proceedings against broadcaster Zee Entertainment Enterprises Ltd (ZEE).

Using thread to mark memories

Sumakshi Singh's recent work features thread renderings of her family's erstwhile home

Egg coffee: liquid dessert in a cup

Egg coffee, which holds iconic status in Hanoi, tastes much better than it sounds

A chef's new innings

Rahul Akerkar talks about teaming up with Aditya Birla New Age, authoring a book and what Gen Z expects

Why grooming is crucial

Regular grooming will promote the health of your pet's skin and coat and help identify any health issues early on

Q3 GDP growth slowed to 4.7%, shows Mint poll

India's economic growth likely slowed to 4.7% in the December quarter from 6.3% in the preceding three months, according to the median of estimates by 20 economists polled by Mint. The growth deceleration was due to a mix of economic performance and base effect, the economists said.

Biden's choice of Wall Street exec to head World Bank flayed

Progressive groups that have long advocated for a change in the leadership of the World Bank decried the Biden administration's nomination of a former Wall Street and corporate executive as more of the same at the antipoverty lender.

On war eve, Zelensky says 'will prevail'

Ukrainian president Volodymyr Zelensky on Thursday expressed confidence in his country's victory over invading Russian forces with fears mounting of strikes on the war's first anniversary.

US eyes expansion of troops to help train Taiwanese forces

The officials said that the Pentagon was expected to increase that number in the coming months

Wheat crop in good condition: FCI chief

Wheat crop is in good condition and the government's procurement would be normal at 30-40 million tonnes in the 2023-24 marketing year starting March, FCI chairman and managing director Ashok K Meena said on Thursday.

ONGC to invest in Mumbai offshore

Top oil and gas producer ONGC will invest over $2 billion in drilling a record 103 wells on its main gas-bearing asset in the Arabia Sea as it pivots a turnaround plan that will add 100 million tonnes to production, a company official said.

Firms may replace dollar debt with rupee bonds: HSBC India

Indian companies are likely to replace their dollar-denominated debt with local bonds or bank loans in the near term, as conditions in the onshore markets turn favourable, the managing director and head of debt capital markets with HSBC India said.

Sensex, Nifty extend losses for 5th session

Equity benchmark indices buckled under selling pressure for the fifth straight session on Thursday as a bearish trend in Asian markets and concerns over rate hikes by the US Federal Reserve unnerved investors.