CATEGORIES

Share-sale frenzy to continue in 2024

India's booming market for equity sales is expected to remain buoyant into the new year as high valuations attract companies and shareholders seeking funds while stock-price gains entice investors avoiding China.

Why Devyani International's Thailand foray looks appetizing

Quick-service restaurant operator Devyani International Ltd's foray into Thailand has delighted investors, resulting in a 5% surge in share prices on Tuesday.

Cost tailwinds lift cement sector

Cement prices continued to fall due to partial rollbacks across regional markets in the country.

UGRO raises 250 cr debt from Holland's FMO

Non-bank lender UGRO Capital, which counts private equity firms N ADV Partners and TPG NewQuest among its investors, has raised a fresh debt capital from a European development finance institution (DFI).

'Main focus is on sustainability'

Ventur East, one of the oldest venture capital firms in India, is nearing the full deployment of its sixth fund, which had a corpus of nearly $100 million.

Vijaya Diagnostic to acquire Pune's PH for ₹135 crore

Vijaya Diagnostic Centre Ltd will acquire PH Diagnostic Centre Pvt Ltd for 134.65 crore in an all-cash deal, and will inject an additional 12.85 via equity or debt to help the company repay its existing loans.

IMF reclassifies India's forex regime as 'stabilized arrangement'

The International Monetary Fund has reclassified India's \"de facto\" exchange rate regime to a \"stabilized arrangement\" from \"floating\" for the December 2022 to October 2023 period, the first instance of such reclassification, following an article IV review of the country's policies.

Exporters face rising costs as ships avoid Suez Canal

Indian exporters are staring at a rise in shipping costs as freight lines are forced to avoid the Suez Canal and take a longer route around Africa to reach the West following tensions in the Red Sea.

Another 49 Opposition MPs suspended from Lok Sabha

Total 141 Opposition members suspended from Parliament—95 from LS and 46 from RS

Government to start crediting PLI sops for auto cos in FY25

The government will start crediting incentives under the ₹26,000 crore production-linked incentive scheme for automobiles and auto components from the next fiscal year, Union Minister for Heavy Industries Mahendra Nath Pandey said in a written reply to Parliament on Tuesday.

Google to pay $700 million in Play app store case settlement

Alphabet's Google has agreed to pay $700 A million and to allow for greater competition in its Play app store, according to the terms of an antitrust settlement with US states and consumers disclosed on Monday in a San Francisco federal court.

Aussies sparkle with mega deals at IPL auction

Cricket world champs Australia had much to crow about on Tuesday, as their star fast bowlers Mitchell Starc and Pat Cummins racked up record bids to enter new franchises at the 17th auction of the Indian Premier League (IPL) being held in Dubai's Coca-Cola Arena.

RBI cuts off lenders from loan evergreening via AIFs

The Reserve Bank of India (RBI) has clamped down on lenders ever greening loans through the use of alternative investment funds (AIFS), a practice previously red-flagged by the stock market regulator.

Softer global oil price cuts windfall tax collections

India's windfall tax mop-up from crude oil and auto fuels has slipped due to a combination of lower energy prices and falling domestic production, official data showed.

Tatas may control Jamshedpur admin as state gives nod

Jamshedpur, India's first planned city built by Tata group founder Jamshedji Tata, may finally come under administrative control of the Tatas, clearing a decades-old legal cloud over the place where India's first steel mill stands.

Wilful default may be stopped earlier

New RBI rules to let banks give early hearings to borrowers

'AI Can Create More Jobs Than It Likely Eliminates'

Outgoing Tech Mahindra CEO insists skilled people will not be replaced

Why Diversification Is Still The Best Game For India's Retail Investors

It ensures that retail investors will be in a position to benefit from any asset class doing well or limit any losses

X Becomes 1st Target Of EU's Digital Services Act

The probe follows EU's warning to X over its handling of harmful content

Jobs Play A Significant Role In Our Paths Of Economic Development

Aims of output growth and equity both require a jobs-centred approach and services hold potential for gains on this score

AI Powerful Tool For Hackers: Hidary

Speaking at the Mint AI Summit, Jack Hidary, CEO of Palo Alto-headquartered practical AI and quantum tech developer Sandbox AQ, said AI was a powerful tool in the hands of hackers, as they could use it to breach firewalls.

Beat the holiday blues with little acts of kindness

Be your own cheerleader. Take the time to celebrate festivals for yourself even if you are far from family

Can 3D food printing help improve our diet?

In the next few years, 3D food printing could be used to design customised meals based on specialized dietary requirements

Avoid sending out mixed signals on farm reforms

Recent interventions by the government distort agricultural markets that are in need of a renewed push for reforms. Consult farmers and go for greater market orientation, not less

INSIDE THE MAKEOVER OF A TEMPLE TOWN

Infrastructure and real estate projects around the Ram temple in Ayodhya have picked up pace

Nasdaq drops Zoom in sign Covid-era darling trade is over

The move comes days before the central bank is set to announce any adjustments to the rate on one-year policy loans

In a first, govt directs rice sector to cut domestic prices

Sufficient good quality rice is available under the OMSS to traders, the govt said

More use cases for better outcomes

Bhashini, the Centre's national language database and services platform, is showcasing beta-stage deployment of multi-model generative AI services.

AI to help bridge digital divide: Neeraj Mittal

Alongside regulation, issue of standards takes centrestage, says telecom secy

Japan's Nippon to acquire US Steel in $14 billion deal

Purchase will create world's second-largest steel company, and biggest outside of China