CATEGORIES

RIL eyes stake sales, listings to double value by 2027

Looks to raise $1 bn by selling nearly 1% in Reliance Retail

iPhone sales help Apple hit record India revenue

EVEN AS APPLE'S overall revenue in the April-June quarter fell 1%, the company posted record revenue from its India operations and grew in strong double digits during the quarter, CEO Tim Cook said in an earnings call with analysts. The growth in Apple's revenue from India operations was owing to its iPhone sales in the country.

Zomato momentum likely to sustain, say analysts

ZOMATO'S STRONG RESULTS for the June quarter, announced on Thursday, drove up the stock price by 12% in Friday's trade.

Hiving off EV biz will dilute core, says Royal Enfield

THE ELECTRIC VEHICLE (EV) space has recently seen skyrocketing valuations and high-flying deals. But Royal Enfield, the world's oldest motorcycle brand in continuous production, believes that monetising its upcoming EV business would be like selling the core of parent Eicher Motors and will resist from doing that.

Premiumisation bet pays off for Airtel

AVERAGE REVENUE PER USER HITS ₹200

ISMA faces ire over output estimate

FOOD SECRETARY SANJEEV Chopra on Friday criticised the Indian Sugar Mills Association (ISMA)'s projection of decline in sugar production in the next season (2023-24) as 'highly premature' and created panic about the sugar shortage in the country.

Kharif crop sowing just above year-ago level

68% DISTRICTS RECEIVE SURPLUS, NORMAL RAINFALL | Paddy area up 3%, pulses down 9%

RRBs need to raise digital focus: FM

FINANCE MINISTER NIRMALA Sitharaman on Friday urged the sponsor banks to map the regional rural banks (RRBs) with MSME clusters and improve their presence in these clusters, while devising innovative products for the MSMES to serve them in a better way.

India looking to broaden FTA network

Talks with Peru to resume shortly, open to pact with Chile too, says commerce secretary

Solar modules: Purchase rule easing may stay beyond FY24

NO PLAN TO REMOVE CUSTOMS DUTY, SAYS POWER MINISTER

Vedanta looks to refinance $3.8 bn bonds

ANIL AGARWAL'S Vedanta Resources is looking to refinance $3.8 billion worth of bonds maturing between 2024 and 2026 with loans of extended maturities and manageable size, a company official said on Friday.

Cipla soars on buzz of Blackstone stake buy

PHARMACEUTICAL MAJOR CIPLA'S stock surged 3.53% to a record high of ₹1,206.95 on reports that Blackstone is looking to buy a substantial stake in it. Cipla was the top Nifty 50 gainer and shares had soared over 6% in early trade to ₹1,238.70.

Nykaa CEO takes guard as Tira's stock rises in beauty market

FALGUNI NAYAR TO SPEARHEAD MARKETING AMID EXITS

M&M Q1 profit nearly doubles to ₹2,774 cr

MAHINDRA & MAHINDRA (M&M) on Friday reported a standalone net profit to ₹2,774 crore for the three months to June, which was nearly double than the same quarter last year.

Byju's misses date to amend loan terms

BELEAGUERED EDTECH FIRM Byju's missed yet another target date set by its creditors to amend terms of a $1.2 billion debt, adding fresh challenges to the Indian borrower's efforts to resolve disputes around the loan.

SBI net profit up 178% to ₹16,884 crore in Q1

Sequential contraction in NIM and fresh NPAs dampen market sentiment, stock falls 2.9%

Flip-flop: Govt defers import restrictions

NEW RULE TO TAKE EFFECT AFTER TRANSITION PERIOD | Move prompted by supply constraint concern in PCs, laptops

RBI Is Expected To Maintain A Status Quo On Policy Rate Stance

WHEN HUMOURIST MILES Kington said, "Knowledge is - knowing a tomato is a fruit; wisdom is - not putting it in a fruit salad," he might not have been referring to the current prices of tomatoes which eclipsed the cost of most exotic fruits, but raising the threat of a hawkish monetary stance/dowsing the potential for an interest rate cut.

Pak Spy Agencies Are Using Israel's Intrusive Cyber Tech

IN USE SINCE 2012, CLAIMS HA'ARETZ | The use of the tech can lead to human rights violations

Moderna Sees Up To $4 Bn In 2023 Sales From Covid Vaccine

Moderna Inc On Thursday forecast as much as $4 billion in revenue from its Covid-19 vaccine when sales shift to a private market from government contracts this year, and said it expects demand to grow further in 2024 and match the market for flu shots.

Know How Surrender Charges On Your Policy Are Calculated

Policyholders looking for an early separation have to pay a hefty fee

Big Tech Firms Face Checks On Monetisation Of Data

Personal data protection Bill tabled in Lok Sabha | Digital platforms will have to delete all past user data

INDICTMENT CAN'T TRUMP PREZ PROSPECTS

Former US president Donald Trump has been indicted in an investigation, led by special counsel Jack Smith, into alleged attempts to overturn the 2020 presidential poll results and the events that led to the raid on the US Capitol on January 6, 2021. We look at what the charges against Trump are and what the indictment means

Bilateral cricket rights may face a reality check

AS ADVERTISER INTEREST WANES

BMW boosts e-car spending to rival Tesla

BMW AG IS stepping up spending on its electric-car rollout after the luxury-car maker's battery-vehicle deliveries more than doubled during the first half of the year.

BOE hikes rates to 15-yr high, warns policy will remain tight

THE BANK OF England raised interest rates to a new 15-year high, warning that its fight against inflation may require tighter borrowing conditions for an extended period.

Stalled project revived? Now get enhanced loan

Most of the revived projects come with a steep cost escalation

Kotak clubs alternate funds, advisory into $18-billion entity

BILLIONAIRE BANKER UDAY Kotak's eponymous group will combine its alternate fund management and investment advisory businesses into an entity with $18 billion under management, it said on Thursday.

GIFT Nifty records $57-bn turnover in first month

GROWING PARTICIPATION FROM GLOBAL INVESTORS | It recorded highest single-day turnover of $12.4 bn on July 25

Tesla takes first step in India foray

IN A FIRST significant step of establishing its presence in India, Tesla India Motor & Energy has leased an office at Panchshil Business Park in Viman Nagar, near the Lohegaon airport in Pune.