CATEGORIES

Cabinet clears 2 infra projects

The Centre on Wednesday approved two infrastructure projects, allocating about ₹5,000 crore. It also sanctioned a higher minimum support price (MSP) for copra (dried coconut) for the upcoming 2024 season.

'IntelliSmart to provide data analytics services to discoms'

With the government aiming to transform India’s power distribution sector and boost its fiscal health, IntelliSmart Infrastructure Pvt Ltd, backed by state-run EESL and National Investment Infrastructure Fund (NIIF), plans to commercially roll out its data analytics services for power distribution companies (discom) next year.

India aims to bolster military tech, energy ties with Russia

Jaishankar-Lavrov also hold discussions to advance the Kudankulam Nuclear Power Project

Gentari, 2 others eye Stride deal

India's renewable energy space has received $6.14 bn of investments over the past three fiscals till September 2023

Finolex feud sparks ouster of 2 directors

Another instance of promoter infighting affecting board composition at a listed entity happened at Hikal

Centre may bring export review for all farm produce

Exports of all farm commodities may come under the government lens soon, a move that aims to cool domestic prices but may spark global food security concerns.

Stocks at new high; volatility jumps too

An outperformance in large-cap stocks drove the Nifty and the Sensex to fresh highs on Wednesday, as both foreign portfolio investors (FPIs) and direct retail investors stepped up buying. However, volatility index India Vix—which normally rises when markets fall and vice-versa—rose to a 10-month high, likely signalling trader discomfort at record high levels.

RBI calls for stronger bank balance sheets

Improved asset quality, high credit offtake key to FY23 growth

5 Things We Learnt From Cricket In 2023

One of cricket's many allures is that it's an allegory of life. What we learn from playing or watching the game can apply to our everyday lives, work, and personal growth. In that context, here are five takeaways from a year of great cricket in 2023.

Apple Appeals After US Govt Allows Ban On Watch Imports

Apple has paused the sale of its Series 9 and Ultra 2 smartwatches in the US since last week

Israel Bombards Refugee Camps In Central Gaza

Israeli forces bombarded Palestinian refugee camps in central Gaza and issued orders telling residents to evacuate the area on Tuesday, signs that the military plans to expand its ground offensive into another section of the besieged territory. Gaza's main telecom provider, Paltel, announced another "complete interruption" of services.

Five Focus Areas For India In Tech Next Year

The new year will likely see more policies to regulate the tech scene

JN.I is not the only variant causing covid spike, say experts

India reported 412 new covid cases on Tuesday; three deaths in Karnataka

Biden orders strike on Iranian-backed group

US retaliation comes amid fears of a regional spillover of the Gaza conflict

2024: A year of satellite broadband?

The year 2024 is set to be the year when satellite broadband would become commercially available in India, especially now when the government has decided to give spectrum for satellite broadband services outside of auctions.

Public market exits by PE/VC firms see sharp uptick in 2023

Till November, these firms booked 20.73 bn in total exits, against 18.29 bn in entire 2022

Independent music, artistes drive audio streaming in '23

Bhojpuri, Tamil and Telugu languages are emerging as leaders in independent music scene

Movie acquisition race to get tighter among video streaming platforms

Leading over-the-top (OTT) streaming platforms like Netflix and Amazon Prime Video are increasingly focusing their content budgets on acquiring high-budget, star-studded films after their theatrical releases. The rates for such Hindi, Tamil, and Telugu movies have escalated to ₹125130 crore in the past year.

Bharat Pe records 182% revenue growth in FY23, trims losses

Fintech unicorn BharatPe on Tuesday announced that its revenue from operations climbed 182 yearon-year to 1904 crore in FY23, while loss before tax fell to ₹886 crore from 15,594 crore during the period.

Brightcom files fresh plea with SAT

Brightcom Group Ltd has filed a fresh application before the Securities Appellate Tribunal seeking a stay on the market regulator's order restraining ace investor Shankar Sharma and others from selling shares in the digital marketing company.

Retail policy in final stages, to foster women's participation

The national retail trade policy, currently at a finalization with a view to improve ease of doing business for retailers, and enable greater participation of women workers in the sector, among other favourable regulations designed for the country's small and large retailers, according to executives familiar with the development.

M&M accelerates 'Born EV' plans, to expedite launches

Auto co seeks early supplier feedback on its SUV, hires McKinsey to implement feedback

Share of US treasury in RBI reserves shrink, gold sees an increase

The share of US treasury securities in Reserve Bank of India's (RBI) overall foreign exchange reserves shrank in the 12 months to September, while the share of gold holdings rose, data showed, with experts calling it an outcome of revaluation and a rise in holdings.

Metals, energy stocks power gains in Indian benchmarks

Indian benchmarks settled higher on Tuesday lifted by gains in energy and metal companies, with rising expectations of interest rate cuts in the US boosting global markets.

As cracks appear, tile makers face challenging months ahead

The past six months have been challenging for listed ceramic tile makers.

Rural demand may trip FMCG cos

Investors in stocks of fast-moving consumer goods (FMCG) companies are likely exiting 2023 with mixed feelings. Out of two crucial developments-the extent of margin recovery and rural demand revival only the former played out as expected.

Chinese gaming cos unveil share buybacks

A slew of smaller Chinese gaming companies have announced share buybacks-plans seen as an attempt to reassure investors after the market was spooked by regulatory moves to clamp down on consumer spending on games.

Startup networking platform Scope to raise 45 million for maiden VC fund

Startup-focussed networking platform Scope, on Tuesday, said that it is raising $45 million (around ₹375 crore) for its maiden venture capital fund that will primarily invest in fintech and gaming startups.

Govt issues advisory to tech cos for regulating deepfakes

Intermediaries will be under obligation to report violations to law enforcement agencies

Weather offices to get high-end systems

The ministry of earth sciences plans to set up two high-performance computers (HPCs) in Noida and Pune to enhance weather forecasting accuracy, in the face of shifting weather patterns leading to increasing instances of extreme rainfall.