Saudi Arabia is new China for investors

Throngs of consultants wearing Western attire have become a common sight in the lobbies of Riyadh's plushest hotels as Crown Prince Mohammed Bin Salman embarks on a multi-trillion dollar plan to wean Saudi Arabia off oil. In recent months they've been joined by another cohort of besuited individuals: fund managers, keen to get an early foothold in the next big emerging-market growth story.

ONGC, Oil India set to grow despite crude fall

Shares of Oil & Natural Gas Corp Ltd (ONGC) and Oil India Ltd have risen sharply, significantly outperforming the benchmark Nifty50 index with gains of 38% and 73%, respectively, so far this calendar year. These gains were fuelled by a rise in global crude oil prices, which buoyed the profitability and operating margins of these state-owned energy companies.

Livguard buys EV solutions co Emuron

Energy solutions provider LivGuard Energy Technologies Pvt. Ltd has announced the acquisition of e-mobility solutions startup Emuron Technologies, marking its entry into the electric vehicle (EV) solutions sector.

Paytm eyes young investors' wealth for profit

Sharma is overhauling its suite of money management products to tap the wealth of younger users.

Blackstone divests entire stake in Embassy REIT

Bain Capital, ICICI Prudential and Capital Group acquired 23.5% for ₹7,100 crore

Railways seeks to speed up land monetization, station redevelopment

Indian Railways is seeking to expedite station redevelopment and land monetization by proposing that the Rail Land Development Authority (RLDA) be recognized as an urban local body, two persons aware of the development told Mint. This move, aimed at fast-tracking projects across India, involves collaboration with state governments and the Union ministry of housing and urban affairs (MoHUA).

Two more opposition MPs suspended

CPI(M) MP A.M. Arif and Congress lawmaker Thomas Chazhikadan were suspended

Criminal code bills passed, Oppn to mount SC challenge

The home minister said the bills are citizen-centric and in sync with technological advances

Stricter regulations impact inflows to Gift City

A 20% TCS on LRS remittances has hit response for unsponsored depository receipts on foreign stocks

Govt races to add 270 mn more to Ayushman Bharat

The government aims to cover all targeted beneficiaries of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) by 26 January as Lok Sabha election nears, a tall task given that it involves bringing 270 million more people into the fold of its flagship health scheme.

Accenture sees spike in Gen AI project line

Accenture's early gains in GenAI is in contrast to homegrown technology services giants such as TCS

'Satcom rules on global lines'

Vittal advocated the need for telecom service tariffs to go up so that return on capital employed can rise for telcos

Sony, Zee may give one last chance to save mega-merger

The current market reflects the weakness of the Zee stock, which has lost over 10% in past two trading days

Virus slams brakes on runaway stocks

Fear index highest in two months; fall worse in broader markets

'Meta Piloting GenAI Tools For Advertisers'

Meta India head Sandhya Devanathan says the pilot is active in India, too

War In Ukraine Snaps Supply Of Rare Cancer Treatment Molecule

The war in Ukraine has snapped imports of a key radioactive isotope used in advanced cancer treatment, prompting top medical institutions in the country to look for less effective alternatives.

Why India Needs A Fearless Batting Order

Team India needs to select batsmen who are not afraid to take risks in order to win the T20 World Cup. The South Africa tour will be a test

Should I Encash My FD Or Take A Loan Against It For An Emergency?

What's the best way to handle an emergency you have a fixed deposit (FD)? Is it smarter to take a loan against the FD or repay the loan using the FD money itself? -Name withheld on request

Boon Or Bane? Decoding The Reality Of Zero-Cost EMIs

The no-cost EMI scheme benefits all stakeholders—the merchant, lender and the customer

How Saudi Arabia changed sports in 2023

From LIV Golf to world football, Saudi money is disrupting global sports

Telecom: Expand those signals and reduce noise

India's Telecom Bill aims to reset regulation in a way that will brighten the sector's future. This is welcome. But the government ought to reconsider features that cause dissonance

Citi lawsuit raises #MeToo allegations at its top levels

Ardith Lindsey's lawsuit accusing Citigroup Inc. of tolerating years of sexual harassment and assault against her struck a chord across Wall Street for many reasons, not least of which was her title: managing director.

TSMC chair Liu to step down in power shift at global chipmaker

Taiwan Semiconductor Manufacturing Co. (TSMC) chairman Mark Liu plans to retire in 2024 and cede his role to chief executive officer C.C. Wei, handing the reins of the world's most important chipmaker to a fellow engineering maven.

Houthi attacks now drive shipping's great detour

Iran-backed militants have vowed to attack any merchant vessel with a connection to Israel

ONDC partners with Google, Meta to reach small businesses

Ministry of Commerce-backed e-commerce protocol Open Network for Digital Commerce Tuesday (ONDC) on announced two separate partnerships with Google and Meta, to expand its outreach to small businesses through Google Maps and WhatsApp. This, in turn, will help the service scale up its net transactions per month among consumers and large enterprises alike.

Warner Bros Discovery aims to balance TV and OTT businesses

The lifestyle and factual entertainment vertical of Warner Bros. Discovery is looking to balance its linear television and video streaming (over-the-top, or OTT) businesses, a senior executive said, even though the target audience has largely moved to OTT despite the shows being aired on television.

Max Healthcare case: HC upholds arbitrator's order

The Bombay High Court (HC) on Tuesday upheld a court-appointed arbitrator's order from 19 July that dismissed Max Healthcare's plea to prevent TPG-backed Care Hospitals' sale to private equity firm Blackstone Inc.

Race begins for sat broadband

Bharti Group-backed One Web, Jio Satellite Comms, and Elon Musk's Starlink preparing for commercial launch

Dec air passenger demand strongest since pandemic

Rising airfares, driven by costly jet fuel and aircraft shortage may dampen future demand

Domino's gets brand refresh in India

Jubilant Food Works Ltd, which operates master franchise rights from Domino's Pizza in India, has announced a brand refresh for its flagship pizza brand that involves upgrading hundreds of pizza stores, apart from new packaging and a marketing campaign as the company hopes to get more consumers to choose pizza over local food.