CATEGORIES

India set to become one of the top three economies: PM Modi

The prime minister envisioned India's strategic development over the next 25 years

'Global air travel at 99% of pre-covid level'

The latest air travel data for November has revealed that global air travel has reached 99% of pre-covid levels with Asia-Pacific leading the recovery path, International Air Transport Association has said.

Former TCS exec Phiroz Vandrevala dies

Phiroz Vandrevala, former Executive Director of Tata Consultancy Services (TCS), has passed away at the age of 70. TCS released a statement on X saying it was \"saddened to share the news of the passing of Mr Phiroz Vandrevala, former director on the board of TCS.\"

India's value retail can reach $170 bn by 2026

This segment is set to grow at CAGR of 15% till 2026, says report

SpiceJet to use fresh funds to cut liability, expand network

SpiceJet's net liabilities stood at ₹12,584.9 crore as of September 2023, lower than ₹13,147.3 crore in June 2023

Govt working on clean ATF road map: Scindia

The Centre is likely to start giving recommendations for SAF from 2027

Film-makers bank on sequels as original content disappoints

Major hits in Hindi and southern languages after the pandemic have been part of established franchises

Tata plans chip plant in Gujarat

Tata Group is planning to build a huge semiconductor fab in Gujarat's Dholera, and it will begin operations in 2024 itself, Chandrasekaran chairman N. said on Wednesday.

OVL opens GIFT City treasury hub to efficiently consolidate funds

ONGC Videsh Ltd has incorporated a wholly owned subsidiary called OVL Overseas IFSC Ltd in Gujarat’s GIFT City that will function as a treasury hub catering to OVL and its 25 subsidiaries, including step-down subsidiaries, across 15 countries.

Amrut Distilleries to raise capacity in Bengaluru by 30%

Over the next few years, Amrut Whisky plans to sell its Indian malts across 75 countries, up from 57 at present

Maruti plans ₹35,000 cr plant in Gujarat

Maruti Suzuki India said it plans to have a production capacity of about 4 million vehicles by FY31

'Adani group to invest ₹2 tn in Gujarat'

Richest Asian Gautam Adani on Wednesday announced a ₹2 trillion investment in Gujarat over the next five years, largely in setting up the world's largest clean energy project that will be visible even from space.

RIL set to commission energy complex this yr

The complex will create jobs, and help Gujarat export green products

Investors buy gold bonds worth record ₹7,500 crore in Dec

Indian resident demand for sovereign gold bonds hit a record high of 12.1 tonnes, valued at ₹7,505 crore in the recently concluded third tranche last month, reflecting the robust demand despite equity markets ruling at record highs.

ICICI leads rupee corporate bond mkt

The central bank in September allowed lenders to include company notes in their held-to-maturity book

Timely execution of large projects to power up SJVN's prospects

Shares of state-run power generation firm SJVN Ltd have performed impressively, gaining about 94% in the past six months to ₹91 apiece.

'In 2024, you'll see higher valuations for better companies'

Early-stage venture capital firm 8i Ventures, which has backed M2P Fintech, Slice and Blue Tokai, marked the first close of its $50 million second fund in 2022 via commitment from high-net-worth individuals and family offices of Salgaocar and DSP group's Kotharis.

Nuvama-Cushman JV to raise ₹3K cr for local investments

Nuvama Wealth Management's asset management division and global commercial real estate services company Cushman and Wakefield will join forces to invest in prime office space across high-growth markets in India.

Actis starts 2024 with $229 million monetization plan

Private equity firm Actis, which had a rather quiet 2023 in India after a hectic 2022 with deals worth over $1 billion, has started the New Year with its move to monetize its biggest bet in the country.

Streaming, influencers tie up for ad-led model

The idea is to cater to the youth, while adopting a cost-effective strategy

Estonia urges India to explore oil shale

India has looked at collaborations with Estonia in IT, block chain technologies, cyber security and other fields

India signs cooperation pacts with the UAE, Czech Republic

India signed a slew of bilateral cooperation agreements with the United Arab Emirates and the Czech Republic at the Vibrant Gujarat summit.

Govt scraps $600 mn plan to top up strategic oil reserves

India's finance ministry has scrapped a ₹5,000 crore ($602 million) plan to top up the nation's strategic crude oil reserves, given market volatility and the prospect of a further decline in prices.

Food processing likely to see budget cut as utilization falls

Ministry sees low expenditure in FY24 so far; may get a budgetary allocation of ₹3,087 crore

E-way bills rise as businesses push goods in December

The number of e-way bills or electronic permits for shipment of goods generated within and across states increased to 95 million in December, up from 87.5 million in November as businesses pushed goods into the supply chain in the last month of the third quarter.

Stars to shine at Mint BFSI Summit and Awards today

Reserve Bank of India (RBI) governor Shaktikanta Das will deliver the opening keynote address at the Mint BFSI Summit and Awards on Thursday, flagging off a full day of intense deliberations, debates and conversations around the theme of financial wellness in a changing world.

Zerodha entry lifts BSE's options game

Clients of India’s largest stock broker Zerodha are one of the driving forces behind BSE’s growing success in the derivatives segment since May 2023, after the exchange’s two decades of attempts to gain market share went in vain, people aware of the matter said.

Zee likely missed $200 mn cricket fee date to Disney

Zee Entertainment Enterprises Ltd has missed a deadline to pay $200 million to Walt Disney Co.'s India unit for TV rights of cricket matches, according to people familiar with the matter, as the firm tries to preserve cash ahead of a likely collapse of its mega-merger with Sony Group Corp.

Inflation likely to have crept to 5.9% in Dec: Mint poll

India's retail inflation likely rose for the second straight month to 5.9% in December 2023 mainly on account of an unfavourable base effect, according to the median estimate given by 19 economists in a Mint poll.

Latest Dirty Word In Corporate US: ESG

Many companies no longer utter these three letters: E-S-G. Following years of simmering investor backlash, political pressure, and legal threats over environmental, social, and governance efforts, a number of business leaders are now making a conscious effort to avoid the once-widely used acronym for such initiatives.