CATEGORIES

Banks trim their gilt edge to serve red-hot credit demand

Lenders facing liquidity squeeze dip into sovereign securities to address credit appetite

Piramal Enterprises to stay away from future investment in AIFS

Piramal Enterprises will stay away from alternate investment funds (AIFs) after the non-bank lender took a provision hit, resulting in a consolidated loss of 32,377.59 crore during the December quarter. In the corresponding quarter last year, the NBFC had posted a net profit of ₹3,545.4 crore.

'Samsung will make laptops in India from this year'

Samsung will begin manufacturing laptops at its Noida facility this year, T.M. Roh, president and head of the company's mobile experience (MX) business, said in an interaction.

OTT platforms in the soup after theatrical films come on the radar

Video streaming platforms that were already treading with care when it came to tackling political or religious themes in the originals commissioned by them, have now found themselves in the soup with films that have released in theatres after censor board approval coming on the radar once on OTT.

Adanis bought $4 bn shares in 2023 against $2.85 bn sold

Still, promoter holding in the 5 firms fell, since shares were bought later at a higher price

Amazon to turn TVs into shopping carts

Amazon.com Inc., joining streaming peers like Netflix, Disney and Peacock, will start running ads on its US Prime Video service on Monday.

Swiss co to invest $25 mn in BluSmart

Switzerland-headquartered impact investor responsibility invest up to $25 million, or around 208 crore, in electric mobility startup BluSmart.

Havells' investors focus on cables capacity, Lloyd's profitability

Electrical appliances maker Havells India Ltd had a challenging December quarter (Q3FY24) due to weak consumer demand. Sales growth was sluggish across most businesses.

GAIL Q3 profit rises multifold to 23,193 crore on cheaper LNG

Sate-run GAIL (India) on Monday reported a multifold jump in its consolidated net profit for the quarter ended December at 13,193.34 crore, buoyed by a fall in international prices of liquefied natural gas (LNG) and increase in transmission tariff.

Bajaj Fin watchful on rural B2C credit

Consumer financier Bajaj Finance on Monday said it continued to remain watchful of risk metrics in its rural b2c (business-to-consumer) segment and has calibrated the pace of growth in the business.

Vi losses narrow to 6,986 cr in Dec qtr on one-time gain

Debt-laden Vodafone Idea's losses narrowed to 16,986 crore in the quarter ended December 2023, from 17,990 crore a year ago, helped largely by a gain of ₹755 crore from a favourable order on a litigation with the government.

ICAR budget set to rise amid focus on food production

The expected allocation hints at the Centre's commitment to bolstering agricultural research

Foreign embassies urged to allot pvt hospitals to patients directly

As part of the Centre's efforts to boost medical tourism in the country, the Union health and Family Welfare Ministry is emphasising on directly allotting the foreign nationals to private hospitals via respective embassies, according to two officials aware of the matter.

Brazil in talks to open its dairy market for Indian produce

India and Brazil are discussing a proposal to open the Brazilian market for Indian a proposal to open the Brazilian market for Indian dairy products, including camel milk and special cheese, two senior officials from the two countries said.

Coal India eyes more thermal plants, in talks with UP, two other states

With India's renewed push for coal-fired power generation, state-run Coal India is looking at expanding its thermal power generation portfolio in the country.

Stocks take a leap; stormy seas ahead

Reliance, bank stocks boost indices 1.8%, but volatility is rising

'Need to create jobs, sweeten new regime for personal I-T'

More jobs need to be created in the economy in line with its growth, especially for the urban young, and the new personal income tax (I-T) regime needs to be further sweetened to encourage its adoption, Bibek Debroy, chairman of Prime Minister Narendra Modi's Economic Advisory Council (EAC-PM), said.

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Byju's rights issue at $225 mn valuation

Edtech company Byju's has agreed to a post-money valuation of $225 million as it approaches existing investors for $200 million to stay afloat, two people aware of the matter said, a stunning decline from the $22 billion it commanded as the country's most valued startup just two years ago.

HDFC to sell HDB stake over time

HDFC Bank Ltd plans to sell some of its shareholding in subsidiary HDB Financial Services over some time, two people aware of the matter said on condition of anonymity.

FinMin sees growth crossing RBI view

Even as the finance ministry expects FY24 economic growth to exceed the central bank's projection of 7%, it also expects growth in the following year, FY25, to be close to 7%, even though geopolitical risks could lead to supply chain disruptions and a rise in inflation.

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'Coffee Badging' May Not Be Good For Workplaces

People have found a unique way to get around return to office mandates: socialize, mark attendance, leave

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January 29, 2024

FPIs Raise Bearish Bets, To Keenly Eye Budget, Fed Meet

Foreign portfolio investors (FPIs), whose assets under custody in India stand at $758.4 billion, have closed out bullish positions and created huge bearish positions on index futures (Nifty and Bank Nifty) contracts ahead of a key meeting of the US monetary policy body, or FOMC (federal open market committee), on 30 and 31 January, and India’s interim budget on 1 February.

January 29, 2024

Health Ministry To Expand Diagnostic Services

The Union health ministry is planning to expand diagnostic services available in its health and wellness centre named Ayushman Arogya Mandir, according to two officials aware of developments in the matter.