CATEGORIES

Centre not looking at any new PLI schemes: Official

The Centre will not expand its productionlinked incentive or PLI scheme this financial year, preferring instead to wait until the new central government is in place next year to decide whether to enlarge the list of sectors that get incentives for domestic manufacturing.

Wholesale prices at 8-month high in Nov

India's wholesale inflation reached an eight-month high in November, driven by prices of food and other key commodities, after contracting since the beginning of this financial year.

Oil demand growth in India to taper in 2024 after bumper years

Oil demand growth in the key Asian market of India is set to slow next year as the spurt in consumption that followed the pandemic fades, echoing a slowdown in China and presenting a fresh headwind for prices.

₹3 trillion power distribution scheme may get extension

The govt seeks to connect more households, especially in rural areas, to the electricity grid

Ackman's clash reveals messy world of big donations

Prestigious universities are learning the costs of the big gifts they receive from prominent donors.

MCA set to roll out e-hearings

Soon, corporate lawyers and executives will no longer have to turn up at company registrar offices for case hearings, with the government preparing the ground for virtual hearings on its MCA21 portal.

Big chunk of CPI items within RBI's range, yet inflation is up

Retail inflation in November rose at the quickest pace in three months, but a closer look tells a slightly different story.

Industrial policy to wait; tweaks likely after next elections

The wait for India's new industrial policy just got longer with the government expected to take a fresh look at it following global supply chain shifts, greater urgency on the green agenda, and geo-political developments, two people aware of the matter said.

Get punch drunk this festive season with these classics

Festive drinks from around the world, including a winter punch made by Mumbai's East Indian community

Satirizing American life with Grand Theft Auto VI

The controversial video game returns, once again sparking off controversy, debate, conversation, and just the slightest hint of mass hysteria

India's informal sector could be adding more value than we know

Arguments of this sector's size being overestimated are flawed. PLFS data suggests it's far likelier to have been undercounted

COP-28's finale averted a cop-out on fossil fuels

A transition away from fossil fuels finally found a global consensus in Dubai, but the climate conclave's success depends on what gets implemented and whether rich countries help the rest

Which funds will help me meet my retirement, other goals?

I am a salaried person and own a small flat in my home town. I have been regularly investing in the stock market since the last one year and have done well so far.

Buying a house? Know the mutual funds that help you

A systematic investment plan in the right funds can grow your portfolio by leaps and bounds

HOW PRICE WARS HURT ACCOUNT AGGREGATORS

These NBFCs play an important role in financial inclusion. But the business model is broken

Chinese planemaker Comac upsjet promotion in Hong Kong

Chinese manufacturer Comac took its C919 medium-range jet outside of mainland China for the first time Wednesday, showing off the single-aisle aircraft to officials and potential airline customers in Hong Kong.

Argentina devalues peso, cuts spending to overcome crisis

Argentina will weaken its peso over 50% to 800 à per dollar, cut energy subsidies, and cancel tenders of public works, new economy minister Luis Caputo said on Tuesday, economic shock therapy aimed at fixing the country's worst crisis in decades.

Israel suffers worst losses since October

Israel faces growing diplomatic isolation as civilian deaths mount in Gaza

'Google to bet on Pay, SMEs'

Google is betting on digital payments and wants to tap into the SME sector in India.

Arbitration agreements valid even if unstamped, rules SC

Verdict reverses previous court order, aligns with India's move to turn an arbitration hub

Fairfax picks up 7% more stake in BIAL for $175 million

Fairfax India Holdings Corp., controlled by Canadian billionaire Prem Watsa, has acquired an additional 7% stake in Bangalore International Airport Limited (BIAL) for $175 million, raising its shareholding to 64% in the company that operates the Kempegowda international airport.

For SonyLIV, regional menu is the way to viewers' hearts

SonyLIV, the videostreaming platform owned by Sony Pictures Networks India, is betting on shows in Telugu, Tamil and Malayalam, spurred by rapid adoption of online content in these regions, besides offering new seasons of successful Hindi titles to expand its audience base and keep them hooked in 2024.

Pernod Ricard aims to triple net sales in India in coming decade

Consumers' shift from country liquor to whiskies, and greater premiumization are driving demand for the brand

Spandana Sphoorthy to grow MFI book organically, to acquire NBFC

Microlender Spandana Sphoorthy is looking to expand its balance sheet and exploring growth opportunities for its subsidiary Criss Financial, as part of Vision 2028, unveiled recently.

Rupee falls 4 paise to close at all-time low of 83.41 vs dollar

The rupee depreciated 4 paise to hit an all-time closing low of 83.41 (provisional) against the US dollar on Wednesday amid a strong American currency overseas.

Rising competition, demand concerns hamper PI Industries

PI Industries Ltd’s shares have fallen by about 11% in the past two trading days. With this, the returns in the stock are flattish for 2023 so far. Some worries have emerged recently, especially about increased competition for its key product, pyroxasulfone.

Workspace leasing set for revival

India’s commercial real estate sector is set to get a new lease of life thanks to much-awaited clarity on the denotification process for special economic zones (SEZs).

B2B fruit platform Vegrow raises $46 mn in Series C funds

Vegrow, a business-tobusiness agritech platform, has raised $46 million in its Series C round, led by Singapore sovereign wealth fund GIC, the company said in a statement on Wednesday.

Agilitas Sports raises ₹100 cr from Nexus Venture Partners

Agilitas Sports, founded by Abhishek Ganguly, the former managing director of Puma India and South-East Asia, has raised ₹100 crore from Nexus Venture Partners. This funding is aimed at developing a range of consumer brands in the sports footwear and apparel sectors.

M2P Fintech acquires Goals 101

Fintech startup M2P Fintech has acquired transaction behavioural intelligence platform Goals101, thus marking its first acquisition in more than a year.