CATEGORIES

Invesco marks up valuation of Swiggy

Global investment firm Invesco, one of the investors in food delivery startup Swiggy, has marked up the valuation of the company to $8.5 billion (about ₹70,759 crore) in its latest regulatory filings, documents reviewed by Mint shows.

Funds for fintech cos hit 3-year low at $2 bn

InCred was the only fintech to turn unicorn after it raised $60 million

Rural demand for packaged goods remains weak in December quarter

Packaged consumer goods such as soaps, detergents, and snacks saw tepid demand in rural India in the December quarter, triggering concerns over FMCG sales volumes, according to industry analysts.

Disney, Reliance start antitrust diligence on mega media merger

Indian billionaire Mukesh Ambani's Reliance Industries and Walt Disney have appointed law firms and started antitrust due diligence of their planned Indian media and entertainment merger, four people familiar with the matter said.

Aster DM looking for M&As in West, North India: CEO

The company will fund its inorganic growth drive through internal accruals

Bajaj Finance set for a sturdy quarter despite RBI restrictions

Bajaj Finance Ltd is set for another sturdy quarter, as indicated by its business update for the three months ended December (Q3FY24).

Gail's earnings outlook promising

Gail (India) Ltd's shares have rallied substantially over the past six months, gaining as much as 50%.

Govt launches tur dal purchase portal

Cooperation minister Amit Shah on Thursday launched a portal through which farmers can sell tur dal to government procurement agencies, saying the move will be expanded to help India end its import dependency on pulses within three years.

Govt may sell subsidized rice amid inflation worries

Pre-poll initiative could see 500,000 tonnes of Bharat Chawal sold at a discounted ₹29 per kg

Interest-free loan proposed for cyclone-hit tobacco farmers in Andhra

The government is working on a proposal to give interest-free loans to tobacco growers in Andhra Pradesh, potentially benefiting 15,000 cyclone-hit farmers, with implications for global supplies.

Road to enter bankruptcy court is now 7,000 companies long

Creditors to about 7,000 companies are waiting for the National Company Law Tribunal (NCLT) to decide on whether to admit these companies for bankruptcy resolution, a person informed about the matter said.

Tesla mulls small, fast EV batteries for India drive

Elon Musk-led Tesla is exploring fast-charging small batteries to cut the cost of its proposed most affordable car to help crack the price-sensitive Indian market, people aware of the matter said.

Religare director in Burmans' crosshairs

The Burman family has asked the market regulator to bar Religare Enterprises Ltd independent director Hamid Ahmed from attending the company's board meetings related to its open offer unless he withdraws or justifies his recent comments on the matter.

ChrysCap, Kedaara set to roll out their biggest funds so far

Homegrown private equity (PE) firms ChrysCapital and Kedaara Capital are raising billion-dollar-plus funds in 2024, as they look to cut bigger cheques and fend off competition from Asian and global rivals.

Shipping cover may get an India flavour

P&I for local shipping first; coverage for global waters likely later

'Navya to prove herself as Escorts looks to future'

At Escorts Kubota Ltd, the 80-year-old heavy A equipment maker, there's much emphasis on the next generation.

How Do I Invest In Mutual Funds, Diversify Investment Portfolio?

I am 36 years old and work in the IT sector, as does my wife, aged 34. We have a two-year-old daughter.

SBI To Raise Up To $750 Mn In US Via Reg S Bonds

India's largest lender State Bank of India (SBI) is looking to tap the US bond markets to raise $500-750 million, said a person aware of the development.

The Adani Episode Gave Investors Lessons On Risk

The Supreme Court's confidence in Sebi's probe of alleged violations by the Adani Group has been taken by investors as an early indicator of a let-off, but risk learnings must not get lost

SpaceX Launches First Cell Service Satellites

Elon Musk's SpaceX launched its first six satellites capable of offering mobile phone service as the company races to bring more connectivity to remote areas.

Xi's Mixed Messages Leave Whiplashed Investors Wary Of China

President Xi Jinping spent last year trying to woo foreign capital while continuing to reshape China's business environment to ensure his power can't be challenged at home or abroad. Those sometimes-conflicting goals have left investors confused and put bureaucrats on edge.

The wonderland of 19th century Bengali fantasy

Another book attempts to bring the 19th century writer Trailokyanath Mukhopadhyay's fabulist, magical realist brilliance into English

Exploring age-old restaurants on a tiffin trail in Tamil Nadu

Where to find crispy dosas, comforting poriyal and piping hot Filter coffee in Chennai, Madurai and Coimbatore

War outbreaks mustn't distract us from our collective priorities

The ongoing war in Ukraine and the fighting in Gaza following Hamas's 7 October terrorist attack must not distract the world from our collective priorities: reducing our carbon dioxide emissions, aiming for carbon neutrality by 2050, preserving biodiversity, and fighting poverty and inequality.

Why most retirees don't find refuge in reverse mortgage

It offers senior citizens a regular monthly income but scheme comes with several conditions

WHAT GABBY GINGRAS, THE GIRL WHO FEELS NO PAIN, MEANS FOR THE INDIAN INVESTOR

All of us hate pain.

Over 100 killed in blasts near Iranian commander's grave

Two explosions killed more than 100 people and wounded scores at a ceremony in Iran on Wednesday to commemorate top commander Qassem Soleimani who was killed by a US drone in 2020, Iranian officials said, blaming unspecified \"terrorists\".

Wider war feared on Hamas leader's killing

Israeli forces kept up their assault on the Gaza Strip on Wednesday and told civilians to leave a refugee camp in the north of the Palestinian enclave after the war reached into Lebanon with the killing in Beirut of the Hamas deputy leader.

Mixed bag for spirits this year?

Smaller regional companies are poised to hog the limelight with faster growth than their larger counterparts

VW sees promise in an innovative EV battery technology

Volkswagen AG said its battery startup has seen promising results with solid-state cells for electric vehicles, a win for the German carmaker as it pushes to make EVs more efficient and less expensive.