CATEGORIES

Kirloskar Ind files fresh affidavit vs Kirloskar Brothers

Kirloskar Industries Ltd (KIL) has filed a fresh affidavit before the National Company Law Tribunal (NCLT) against Kirloskar Brothers Ltd, disputing statements made by the latter in a recent affidavit regarding a six-year-old case between the factions.

2024 to see unprecedented foreign inflows: Khemka

India has historically traded at a premium compared to the rest of the emerging markets (EMs), and Prashant Khemka, founder, WhiteOak Capital Management, as he breaks the myth on why India might be in a sweet spot going ahead, too.

Fog delays 100 flights at Delhi airport

A thick blanket of fog in Delhi since the early hours of Sunday led to the diversion of about 10 flights to Jaipur; also, more than 300 flights were delayed at the Delhi airport, the busiest and largest airport in India.

Tata Consumer to integrate new acquisitions in 3-4 months

Tata Consumer Products Ltd (TCPL) will continue to look for opportunities to expand its business in the Indian market, even as it rushes to integrate the recently announced Organic India and Capital Foods acquisitions into the business, said a top executive at the salt and tea maker.

'HCL Tech will keep hiring to meet 5.5% growth guidance'

On Friday, HCL Technologies Ltd, India's third-largest information technology (IT) services company, reported 12.5% sequential rise in net profit.

Go First's lenders seek investor bids by Jan end

Lenders to Go First have set 31 January as the deadline for financial bids to acquire the airline, two banking people with knowledge on the matter said on Sunday.

Yulu eyes debt funding; to expand into new geographies

Yulu is in talks to raise a ‘large’ debt capital, as the electric bike rental startup aims to bolster its presence in its existing markets, its chief executive officer Amit Gupta said, adding that the company will expand to another 10-12 cities this year.

Better margins attract VCs to specialty coffee startups

At least two specialty coffee retail startups received significant fund infusions in 2023

Bright spot: Nvidia bulls rejoice New Year gains

Nvidia Corp. is off to its strongest-ever start to a year by one measure, keeping up a blistering rally that saw shares gain nearly 240% in 2023.

Wires crossed: Polycab navigates uncertainty amid income tax raids

Two weeks into 2024, Polycab India Ltd's shares are down 27%. Reports of tax evasion by the company have created an environment of uncertainty.

Is the glass half full for Tier-1 IT firms?

In a breather of sorts, the December quarter (Q3FY24) results of tier-1 IT companies released so far, were not as bad as feared.

Xponentia Fund II surpasses target, closes at ₹1,095 cr

Homegrown mid-market private equity firm Xponentia Capital has marked the final close of its latest fund.

'VCs conservative on edtech, content firms'

Edtech in India, China not looking good these days, says Coursera CEO

India may reform credit lines for foreign nations, link with projects

India is considering reforming the lines of credit (LoCs) it grants to other countries to improve its economic diplomacy, persons aware of the matter told Mint.

Maldives sets 15 Mar deadline for India to pull out its troops

The Maldives has asked India to withdraw its troops stationed in the country by 15 March, said Abdulla Nazim Ibrahim, a top aide to President Mohamed Muizzu, at a press conference on Sunday.

'FCI's open market sales helped moderate wheat, rice, prices'

Open market sales have proven to be an effective tool for moderating rice and wheat prices, said union consumer affairs, food and public distribution minister Piyush Goyal, adding that the Food Corporation of India (FCI) should emerge as a trusted partner of farmers and the public.

NSAS meet to discuss Ukraine peace plan

National security advisors (NSAs) of several countries met in Davoson Sunday to discuss a peace formula for Ukraine and pushed for early restoration of peace in the war-hit country, with host Switzerland asserting that India can play a key role with its influence and relations with Russia.

North-east may get up to ₹1,000 crore as gas subsidy

The allocation, however, will be lower than the ₹1,633.02 crore outlay announced for FY24

Vivek Ramaswamy has a strategy, but it rests on Trump's exit

For those who speculate about what Vivek Ramaswamy really wants out of his long-shot Republican presidential bid-perhaps a podcast or a television contract the wealthy biotech entrepreneur has one answer.

News TV eyes viewership gains in temple coverage

The grand consecration ceremony of the Ram temple in Ayodhya on 22 January promises to set off a year of big gains for television news channels, many of which have been running exhaustive coverage leading up to the inauguration, and even plan to set up studios in the ancient town for the historic day.

IBC route sets cash registers ringing for creditors in 2023

For businesses and lenders resorting to bankruptcy action in the face of payment defaults by their clients, 2023 has turned out to be a great year, going by the outcome of debt resolution under the Insolvency and Bankruptcy Code (IBC).

GPS toll test from Feb, in beginning of end for FASTag

The Centre plans to begin testing GPS-based toll collections on five to 10 highways from next month, a top government official said.

Budget likely to feature sovereign green bonds

The Union budget may propose to issue sovereign green bonds worth at least ₹20,000 crore as part of the borrowing programme for fiscal year 2025 (FY25), two people aware of the matter said.

Tech surprise traps retail option sellers

Retail traders who took huge punts ahead of the tech pack results are in for serious trouble if they don't hold the underlying stocks, market analysts said.

'Can't stop staffers quitting for better'

Companies must offer value to employees: TCS CEO Krithivasan

EaseMyTrip eyes ₹1,000 crore fundraise

Online travel platform EaseMyTrip aims to raise ₹1,000 crore within the next 3-4 months in order to largely focus on inorganic growth of the company in businesses unrelated to aviation sector, co-founder Prashant Pitti told Mint.

Play Store set to host all real-money games

Move to hinge on domestic regulation; fees model being \"evolved\"

Marriott's Moxy brand debuts in India at Bengaluru

Marriott operates 148 hotels in India, including eight which are operational since April last year

Wage costs of IT firms ease

Let-up follows clampdown on excessive spending such as counteroffers, significant increments to retain talent

Realme to expand local output of 5G devices, wearables

Realme has secured market share with the introduction of the sub-₹10,000 smartphones category