CATEGORIES

Xiaomi is first China handset maker to rope in local partner

XIAOMI HAS BECOME the first Chinese handset maker to partner with a local contract company for manufacturing and export of its mobile phones.

Carpediem Capital raises ₹700 crore

CARPEDIEM CAPITAL HAS raised ₹700 crore for its second fund and the mid-market PE firm intends to invest it across 7-8 companies in the next 2-3 years.

Vedanta Resources trims gross debt to $6.4 billion

Pays all its maturing loans and bonds due in May and June

Displaying anti-tobacco warning made mandatory for OTT platforms

THE UNION HEALTH ministry on Wednesday mandated antitobacco warnings for OTT platforms.

KredX GTX to facilitate finance for exporters

KREDX GTX, a wholly owned subsidiary of India's largest supply chain finance platform KredX, is planning to facilitate finances worth $200 million in Gujarat this fiscal.

Curbs on FDI from neighbours to stay

Nearly 50 proposals awaiting clearance under PN3

Revival in pvt consumption still some time away

THE SLUGGISH GROWTH in private final consumption expenditure underlined the weakness in the economic recovery even as higher inflation helped the Centre collect more taxes and focus on capital expenditure.

Risks to 6.5% FY24 growth forecast now evenly balanced: CEA

POINTING TO THE continued momentum in high-frequency indicators, chief economic adviser VAnantha Nageswaran on Wednesday upgraded his assessment of economic growth for FY24 to 6.5% with risks evenly balanced from a 'high downside risk' to the forecast in the Economic Survey.

Higher revenues keep FY23 fiscal deficit at targeted 6.4%

Capex exceeds target while revenue expenditure is marginally lower

April core sector growth at six-month low of 3.5%

Sequential growth of 8 infra industries a mere 0.4%

Brand value of India Inc's top 50 soars past $100 bn

THE COMBINED VALUE of India's top 50 brands has crossed $100 billion (₹8.31 trillion) according to a report by global brand consultancy firm Interbrand.

Deloitte red-flags Adani Ports deals

ADANI PORTS & Special Economic Zone's auditor has sounded a note of caution over insufficient disclosures around the company's transactions with certain entities, returning the spotlight to allegations made by short-seller Hindenburg Research on Gautam Adani's empire.

₹4,000-crore Coal India offer for sale opens today

THE GOVERNMENT WILL sell up to 3% stake in state-run coal miner Coal India through an offer for sale (OFS) opening on Thursday. With the floor price at ₹225, the OFS could fetch the government up to ₹4,160 crore.

Vedanta-Foxconn JV fails to get subsidy for chips unit

Company may reapply with lower capex plan

Sebi seeks more disclosures from 'high-risk' FPIs

Consultation paper proposes granular data of ownership

Q4 booster shot for GDP

March quarter growth quickens to 6.1%; FY23 figure slows to 7.2% | Dull pvt consumption, El Nino, geopolitical tensions key worries

Adani unit shows funding urgency

AS SHARES OF Gautam Adani's conglomerate recover from an epic rout, the big question looming over the tycoon is whether he can convince investors and lenders to back his capital-hungry businesses with fresh cash

FAME subsidy removal likely to drive surge in new EV products

THE COMPLETE REMOVAL of the Faster Adoption and Manufacturing of Electric (and hybrid) vehicles in India subsidy scheme is expected to result in a \"flurry of products\" in India's electric vehicle market, according to Eric Vas, president, Urbanite business unit of Bajaj Auto

Gold claws back as dollar, yield weaken

GOLD BOUNCED BACK from early losses on Tuesday, as the dollar pulled back and Treasury yields slid on wider market optimism about the US debt ceiling deal

Banks report higher number of frauds

However, amount involved declines

Drones hit Moscow in rare attack as Russia blames Ukraine

UKRAINIAN DRONES STRUCK Moscow on Tuesday, Russia said in what one politician called the worst such attack since World War Two, while Kyiv was also hit by air for the third time in 24 hours

Musk visits China for first time in 3 yrs, eyes Tesla expansion

TESLA CEO ELON Musk on Tuesday kicked off a high-stakes visit to China with a meeting with the country's foreign minister in Beijing, marking his return to the electric carmaker's largest production hub after three years

Sebi puts in place investor protection fund norms

SEBI ON TUESDAY came out with exhaustive guidelines for the investor protection fund (IPF) and investor services fund (ISF) maintained by the stock exchanges and depositories

AMCs may pass on TER to brokers, distributors

ASSET MANAGEMENT COMPANIES (AMCs) may pass on a high share of the total expense ratio, or TER, impact to intermediaries such as distributors, brokers and registrar & transfer agents (RTAS)

IIT Madras Research Park, RBI's innovation centre join hands

IIT MADRAS RESEARCH Park (IITMRP) and IIT Madras Incubation Cell (IITMIC) have joined hands with Reserve Bank Innovation Hub (RBIH) to work on creating voice-driven banking solutions.

ONDC caps its incentive at ₹100 per order

THE OPEN NETWORK for Digitial Commerce (ONDC) has decided to revamp its incentive structure and has decided to put in place some caps on the price discounts as also a floor for the order value.

BSNL loss widens to ₹8,161 crore in FY23

STATE-OWNED BHARAT SANCHAR Nigam's (BSNL) losses widened to ₹8,161 crore in FY23, compared to ₹6,982 crore a year ago. The increase in consolidated losses for the telecom operator during the year is due to the provision for adjusted gross revenue (AGR) dues to the government

Resilient FY23 for HUL despite volatile environment: Paranjpe

HINDUSTAN UNILEVER (HUL), the country's largest fast-moving consumer goods (FMCG) company, delivered a resilient performance amid a volatile business environment in FY23, chairman Nitin Paranjpe said in the company's latest annual report

High interest rates hit FDI, says DPIIT secretary

THE YEAR-ON-YEAR DECLINE of 22% in foreign direct investment (FDI) last year could be due to a decline in appetite of investors in the face of hardening of interest rates and rising geopolitical uncertainty, secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said Tuesday

Govt considers cutting solar panel import tax

THE GOVERNMENT IS considering cutting import tax on solar panels by half and is seeking a rollback in goods and services taxes on the devices to make up a shortfall in local output amid rising demand for renewable energy, three official sources said