CATEGORIES

Chevron to buy Hess for $53 bn in latest oil megadeal

CHEVRON CORP. AGREED to buy Hess Corp. for $53 billion, a deal aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels.

PNB Housing consolidated PAT rises 46% on growth in AUM

THE CONSOLIDATED NET profit of PNB Housing Finance rose 46% year-on-year in July-September due to a growth in its assets under management.

IIFL to hike co-lending book to ₹15,000 crore by March

IIFL FINANCE IS looking to increase its co-lending book to ₹15,000 crore by March 31 from ₹10,576 crore currently.

Retail loans to constitute over 90% of L&T Finance Holdings' book by FY24

L&T FINANCE HOLDINGS, the holding company of L&T Finance, L&T Infra Credit and L&T Mutual Fund Trustee, will increase the share of retail loans in overall advances to over 90% by the end of current financial year, Group CFO Sachinn Joshi told FE in an interaction.

Leadership clarity sheds overhang on Kotak Bank shares

THE APPOINTMENT OF Ashok Vaswani as managing director and chief executive officer of Kotak Mahindra Bank has removed a key overhang from the bank's stock price, say analysts.

FPIs still confident on India despite September sell-off

See more value in mid-cap companies

AI startups dominate Peak XV's ninth cohort of Surge

VENTURE CAPITAL FIRM Peak XV Partners said the latest batch of its accelerator programme are made up mainly of AI and deep tech startups, as global investors jostle to be early in such companies.

Mamaearth parent's 1,950-cr IPO likely next week

HONASA CONSUMER, THE parent company of direct-to-consumer beauty brand Mamaearth, is planning to launch its much-awaited initial public offering (IPO) to raise about ₹1,950 crore at the upper end of the price band as soon as next week, according to market sources.

Freshers' hiring likely to nosedive 65% as IT firms skip campuses

WITH THE FIRST half of FY24 already over, and companies like Infosys and Wipro hitting the pause button on campus visits this year, college placement officers and experts are estimating an about 65% fall in freshers' hiring this fiscal. In June, HR analysts had predicted a 35% drop.

JSW Steel lays out ₹12,000-cr capex plan for H2FY24

INDUSTRIALIST SAJJAN JINDALLED JSW Steel will spend 12,000 crore as capex for the rest of the financial year, even as it continues to scout for iron ore and coking coal mines.

As large-cap headcounts fall, mid-cap firms step up hiring

AT A TIME when large IT companies saw their net employee headcount decline, many midcap IT companies are hiring and have added to their headcount in the second quarter of this fiscal. Even on year-on-year (y-oy) basis, many midcaps have left large caps behind in headcount addition.

India's reliance on crude oil imports rises to 87.8% in H1

INDIA'S RELIANCE ON imported crude in the first half of the current financial year ending March rose to 87.8% from 86.5% in the corresponding April-September period of last year as consumption of fuels and other petroleum products increased while domestic oil production was flat, latest oil ministry data showed.

PM bats for safe use of nuclear energy

PRIME MINISTER NARENDRA Modi on Monday underscored India's enduring commitment to safe and secure use of atomic energy for peace and development in a meeting with International Atomic Energy Agency (IAEA) director general Rafael Mariano Grossi.

LNG import bill down 30% in H1

Recent surge in prices may affect volumes in H2

Direct tax mop-up may cross ₹19 trn

THE GOVERNMENT'S  DIRECT tax collections-net of refunds are seen \"comfortably\" crossing ₹19 trillion in the current fiscal year, a finance ministry official told FE.

RBI: 4% inflation target no hint of high rates for long

THE MONETARY POLICY committee's (MPC) decision to reinforce the 4% retail inflation target follows inflation returning to its 2-6% comfort zone, but does not necessarily signal rates will remain higher for longer, two external members of the committee told Reuters.

Canadian funds to remain invested in NHAI projects

To maintain holdings in National Highways Infra Trust at 50%

Finmin: Inflation to stay within the target band despite risks

Investment demand, strong industrial activity growth drivers

Electric 2-wheelers lose spark, pushing discounts higher

ELECTRIC TWO-WHEELER MAKERS who were doing a roaring business two years ago, are now resorting to discounts, exchange bonuses and gifts to entice the buyer in the face of stagnant demand for months.

Indian bond markets to feel the heat: Experts

THE YIELD ON 10-year US Treasury bills breached the 5% mark for the first time since July 2007, bringing back memories of the 2007-08 financial crisis.

Flipkart widens loss to ₹4,891 cr in FY23, income increases 9.4%

E-COMMERCE MAJOR FLIPKART India widened its consolidated loss to ₹4,890.6 crore in financial year 2022-23, according to financial data from business intelligence platform Tofler.

Rich tax evaders to face '360-degree' profiling

INCOME TAX RETURN FILERS Income above *1 crore p/a Income above *5 crore p/a 00

Final-hour meltdown: Spike in US yields knocks out markets

7.5 trillion investor wealth wiped out

Reliance close to buying Disney's India operations

MUKESH AMBANI'S RELIANCE Industries (RIL) is is nearing a deal for a 51% stake in Walt Disney's India business, Disney Star, as it looks to consolidate its position as the top player in the domestic media and entertainment (M&E) market, persons in the know said.

Fx swap: Banks ready to return $5 billion to RBI

WITH $5 BILLION forex swap between the Reserve Bank of India (RBI) and banks set to mature today, a majority of lenders have arranged for dollars to be delivered to the RBI

Can MG be Jindal's EV goldmine?

IN JUNE THIS year Sajjan Jindal confirmed that an alliance with MG Motor India to manufacture electric vehicles (EV) was on the JSW Group's radar

Foxconn faces tax audit, land use probe in China

KEY IPHONE ASSEMBLER Hon Hai Precision Industry said it will collaborate with Chinese authorities on unspecified probes, following a report that officials are conducting tax audits and reviewing land use by parent Foxconn Technology

Middle East war may ignite other fronts

Israel on the verge of launching a massive ground offensive in Gaza

Developing 15 mn sq ft in Noida, growing out of NCR: Bhutani CEO

REAL ESTATE PLAYER Bhutani Infra is developing a 15 million square feet area in four projects in Noida and is expanding out of NCR for the first time in four locations, including Goa

2W tyres yet to see full revival: CEAT MD

RURAL DEMAND FOR two-wheeler tyres in the replacement segment is yet to see a complete revival but there is optimism that the festive season will give it a fillip, according to CEAT MD & CEO Arnab Banerjee