CATEGORIES

ITC set to acquire Yoga Bar maker

ITC Ltd, on Tuesday said it is set to acquire 100% stake over a three-to-four-year period in Sproutlife Foods Private Ltd that sells health bars and muesli under the Yoga Bar brand.

Responsible innovation, clear regulatory roadmap top priorities

It's not easy for regulators to keep up with the pace of technology-led innovation in financial services, and new businesses trying to innovate must do so responsibly, said panellists at Mint Annual Banking Conclave's session on regulatory risks.

Consumer goods firms step up packaged foods play as demand rises after covid-19

Packaged food launches are picking up as large consumer goods companies try to capitalize on the rising demand for ready-to-cook meals, snacks, edible oils, pulses, and juices amid a shift in consumer preference from unbranded to branded products since the outbreak of the pandemic.

360 ONE floats 2 venture funds

Bain Capital-backed 360 ONE, formerly IIFL Wealth and Asset Management, has announced two new early-stage funds totalling ₹1,700 crore, including a category-I venture fund with a target corpus of ₹1,000 crore, and a green shoe option of ₹200 crore, as well as a ₹300-crore angel fund with a green shoe option of ₹200 crore.

Sri Lanka nears IMF bailout; India, China may back debt recast plan

Sri Lanka's debt negotiations with China and India \"are successful,\" according to President Ranil Wickremesinghe, bringing the bankrupt nation closer to clearing a major hurdle to unlock $2.9 billion from the International Monetary Fund.

Sebi floats paper to guard client funds

The process of protecting client funds against potential misuse by brokers in the secondary market has gathered pace with the Securities and Exchange Board of India (Sebi) floating a discussion paper on the subject.

New IT Rules draft includes gaming intermediaries

The government on Tuesday proposed amendments to the Information Technology (intermediary guidelines and digital media ethics code) Rules 2021 to include online gaming as an intermediary, in line with industry demands.

Govt may widen scope of PM-JAY in budget

Non-poor segments may be included in health insurance scheme

Saudi Arabia's got money but can it also lure foreign capital?

Riyadh has an ambitious China-plus-one plan for manufacturing

Five priorities for India Inc could help us reach ahead of the curve

A world in flux offers an opportunity to make this India's century' by working on five themes that'll prepare us for the future

Scotch speculation over RBI's letter on inflation

Neither RBI nor the Centre has found it proper to disclose the former's failure note. Yet, it is unclear in what scenario any valid worry could outweigh the benefits of public disclosure

How India has been taxing capital gains on equity, gold, real estate

The history of capital gains taxation starting 1991; for equity, 2004 budget granted exemption from LTCG

Yellen sets surprise meet with China's Liu in Switzerland

US Treasury Secretary Janet Yellen will hold meeting with Chinese Vice Premier Liu He on 18 January in Zurich, making a detour on her way to talks in Africa.

Death toll from Russian missile strike rises to 40

Analysts see indications that Kremlin is preparing for a long war in Ukraine

Airports Authority seeks to monetize land near airports

Plan to unlock revenue from land was suggested in the National Civil Aviation Policy, 2016

Davos meet to dwell on economy, war, climate change

The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos, where leaders are seeking to bridge political divisions in a polarized world, buttress a hobbling economy and address concerns about a climate change-among many other things.

Siemens India inks $3.2 bn electric loco deal with Railways

Global engineering and technology company Siemens has signed a ₹26,000 crore ($3.25 billion) contract with the Indian Railways for supplying and servicing electric locomotives for freight movement.

Vanguard gets extra ETF billions after largely shunning ESG

Vanguard Group, which quit the world's biggest climate-finance alliance in December, was the only major ETF provider to post an increase in European assets last year thanks to its lower exposure to environmental, social and governance (ESG) strategies, according to Morningstar Inc.

'Traders wrong on rate cut bets; don't see it easing off this year'

Central banks will keep raising rates this year to ensure inflation sticks to its downward path, defying traders who expect policy makers to ease off, according to BlackRock Inc. vice chairman Philipp Hildebrand.

FOMO stirs in Bitcoin's best start since 2020

Bitcoin has bolted out of January's starting gates with a climb of over 28%, turning up the heat on bears who anticipated more challenges for riskier investments after sharp selloffs in 2022.

Flipkart explores ChatGPT use cases, drones for delivery

Walmart-owned online retailer Flipkart is looking to firm up its tech stack by incorporating advanced artificial intelligence (AI) platforms such as ChatGPT. The company, which has used AI to tackle logistics issues and fraud in the past, is experimenting with natural language generation (NLG) -based chatbots, similar to Open Al's ChatGPT, Jeyandran Venugopal, Flipkart's chief product and technology officer said.

No UK import duty on steel products

The UK has agreed not to impose a 4% countervailing duty (CVD) on certain Indian steel products, a move which would help domestic traders increase shipments, a senior government official said on Monday.

Cooling veg prices drag WPI inflation to 22-mth low in Dec

Seasonal factors, high base soothe veg inflation; manufactured products inflation slows to 3.37%

Viacom18 secures women's IPL media rights for ₹951 cr

Viacom18 has secured media rights for the upcoming Women's Indian Premier League (WIPL) for a total of ₹951 crore over five years till 2027, decisively outbidding its sole competitor, Disney Star.

Layoffs at ShareChat to affect 600 employees

Mohalla Tech Pvt. Ltd, which runs the social media platform ShareChat and short video platform Moj, on Monday laid off around 20% of its employees due to \"external macro factors\" impacting the cost and availability of capital.

Reserve Bank floats paper on credit-loss provisions

The Reserve Bank of India (RBI) is working on a set of guidelines for expected credit-loss provisions for banks to align its rules with the global regulatory framework.

Cognizant CEO Kumar sets sights on winning large deals

Cognizant Technology Solutions Corp.'s new chief executive wants employees to prioritize winning large deals to drive revenue growth, boost morale, and improve investor sentiment, without getting distracted by leadership changes, according to two executives privy to the development.

Merchandise exports dive 12% in December

Demand slump in the US and European Union drag down India's trade

68 Killed In Nepal's Deadliest Plane Crash In Three Decades

Nepalese Prime Minister Pushpa Kamal Dahal has set up a panel to investigate the accident

This new year, praise your professional rival as well

Recognizing and saluting the achievements of colleagues as well as those outside the office is good for you