CATEGORIES

Vedanta in talks with Farallon to raise $1 billion

VEDANTA LTD, ANIL Agarwal-led commodities major, is in talks with US-based Farallon Capital Management to raise at least $1 billion, according to people familiar with the matter.

Make India part of supply chain: FM to global businesses

ASKING BUSINESSES TO look at diversifying their supply chains beyond China, finance minister Nirmala Sitharaman on Tuesday said Covid-induced disruptions in the global supply chain indeed justified such a strategy. India would be the best bet for global firms in this endeavour, given its young population and skill sets.

IMF lowers India growth forecast to 5.9% for FY24

Lowest prediction by any major agency

RCap second e-auction now on April 26

LENDERS TO DEBT-LADEN Reliance Capital (RCap) on Tuesday decided to hold the second round of e-auction on April 26, while seeking a 90-day extension to complete the resolution process.

Sharp dip likely in i-banker bonuses as deal activity shrinks

PAYOUTS MAY BE 30-40% OF SALARY, UNLIKE 100-200% LAST YEAR

HDFC Bank cuts MCLR by up to 85 bps

IN A SIGN that interest rates may have peaked at the shorter end, HDFC Bank on Tuesday cut the marginal cost of funds-based lending rate (MCLR) by up to 85 basis points for loans of very short tenors.

Mistry's SP Group weighs asset sales to raise $2 billion

SHAPOORJI PALLONJI GROUP, controlled by billionaire Shapoor Mistry, is weighing asset sales including a controlling stake in its flagship engineering firm that could raise about $2 billion, according to people familiar with the matter.

IMD: Monsoon to be normal despite El Nino

Forecast follows Skymet's 'below normal' prediction

Ukraine Says Russia Using 'Scorched Earth' Tactics In Bakhmut

A SENIOR UKRAINIAN commander said on Monday that Russian troops were using scorched earth tactics in the embattled city of Bakhmut and destroying buildings and positions with air strikes and artillery.

Explicit Images: Meta Launches 'Take It Down' Tool

FACEBOOK PARENT META on Monday launched its 'Take It Down' tool in India to remove intimate and non-consensual images of minors below 18 years.

Covid preparedness: Mock drills begin across country

STATE HEALTH MINISTERS and senior officials across the country carried out a review of Covid preparedness to ensure emergency response for any future outbreaks.

Instagram ensures users take informed decision on content: India policy head

AT A TIME when social media platforms are looking at ways to curb misinformation, Instagram India policy head Natasha Jog said the company has been following a remove, reduce, inform approach to tackle hate speech, fake accounts and other misleading content.

IPL opens with 40% fewer ads on TV

The fall is despite onboarding of record sponsors

Nobody can take even an inch of our land, says Shah

LAUNCHES 'VIBRANT VILLAGE' IN BORDER AREA

Debit cards face UPI threat

PPI interoperability enables payments in smaller outlets without PoS machines

China may not need Western tech much longer

The latest ranking of global spending on R&D has US on top and Chinese rivals on the rise tech companies

Roaring success

Tiger numbers show heartening growth, but balancing of ecology economy will help maintain the momentum

Hydro policy in a flux

FLIP FLOP - THE PROPOSED SALE OF THDC AND NEEPCO BY NTPC, TO NHPC, REFELCTS A LACK OF LONG TERM PLANNING. THE MOVE HAS LITTLE TO DO WITH WHAT THE GOVT AIMS TO ACHIEVE WITH IT

World Bank raises global growth outlook slightly

WORLD BANK GROUP President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward to 2% from a January forecast of 1.7% but the slowdown from stronger 2022 growth will increase debt distress for developing countries.

US warship sails near South China Sea

A US NAVY destroyer sailed near one of the most important man-made and Chinese controlled islands in the South China Sea on Monday, in a freedom of navigation mission that Beijing denounced as illegal.

China ends Taiwan drills after precision strikes

CHINA ENDED THREE days of military drills around Taiwan on Monday saying they had tested integrated military capabilities under actual combat conditions, having practised precision strikes and blockading the island that Beijing views as its own.

DEMAND DUE TO COVID EVAPORATES: Apple's PC dip 40% in first quarter shipments

Shipments by all PC makers fall 29% to 56.9 million units

$2.6-bn stake sale money came in group firms: Adani

COUNTER TO RAHUL GANDHI'S ₹20K-CR CLAIM

Temasek inks pact to take over Manipal Health

TEMASEK, THE SINGAPORE government's investment arm, has entered into an agreement to acquire an additional 41% stake in Manipal Health Enterprises (MHE), increasing its stake in the hospital chain to 59%.

AI upgrades software to boost efficiency

AIR INDIA ON Monday said it has completed the ERP modernisation programme ahead of schedule, looking to drive significant improvements in operational efficiency.

No major power outages expected this as coal sector is better prepared summer

Coal stocks with power plants higher than year-ago level

Plan for independent public debt body abandoned

Govt feels the 'interim’ RBI-govt cell has worked well

Reliance, Adani & Jindal in fray for Future Retail

FUTURE RETAIL HAS received 49 expressions of interest from prospective resolution applicants, including Reliance Industries, Adani Group and Jindal Power, to acquire its assets through the ongoing insolvency process.

SC nod to open Sterlite for upkeep

THE SUPREME COURT on Monday granted permission to Vedanta to carry out maintenance work at its closed Sterlite plant in Tuticorin, Tamil Nadu.

TN governor gives assent to Bill banning online gambling

TAMIL NADU GOVERNOR RN Ravi has given his assent to a Bill banning online gambling which was adopted in March by the state Assembly for a second time, official sources said on Monday.