CATEGORIES

Festive weekend drives up sales of cars, two-wheelers

Dhanteras-Bhai Dooj period could see PV sales surge up to 21% as availability rises

Newcomer frenzy in options market worrisome: NSE chief Chauhan

Newcomers to the equities market should focus on long-term investment instead of dabbling in derivatives, especially if they lack the expertise in trading on futures and options (F&O), said Ashishkumar Chauhan, MD and CEO of NSE.

After rough Q2, Devyani International awaits demand rebound

At a time of slowing demand, store closures and lowered sales growth guidance are like cautionary road signs for investors in shares of quick service restaurant operators. Devyani International Ltd is a case in point. Lately, it has expressed concerns over demand and lowered its store expansion projection for FY24.

Rivals may dull Muthoot's shine

Gold is a safe haven in tough times and the ongoing geopolitical tensions could keep the yellow metal pricey. In turn, this should drive demand for gold loan providers such as Muthoot Finance Ltd.

Didi posts Ist profit since 2021 ahead of Hong Kong IPO

Didi Global Inc. posted its first profit since 2021, sustaining the Chinese ride-hailing leader's gradual recovery ahead of a 2024 Hong Kong listing.

'Regulations important, but should not stifle innovation'

Regulations on artificial intelligence (AI) will play a crucial role in guiding enterprises, but it’s essential for governments to ensure that laws do not stifle innovation, said Sindhu Gangadharan, managing director of German enterprise firm SAP Labs India, and vice-chairperson of industry body Nasscom, in an interview.

'Broadband, FWA to increase sales amid slowing 5G rollout'

Finnish telecom gear manufacturer Nokia is expecting the next wave of 5G site deployment to stem from increasing broadband reach, fixed wireless access, as well as a surge in 5G smartphone use.

Faering Cap invests $16 million in Bakingo

Online bakery product seller Bakingo on Monday said it has raised its first-ever round of growth capital of $16 million (over 130 crore) from private equity firm Faering Capital.

Biocon Biologicals' IPO only after integrating Viatris: CEO

The company's biosimilar arm is looking to complete the process by the end of March

ADB to lend India $400 million to help turn cities into growth centres

The government on Monday signed a $400 million loan agreement with the Asian Development Bank (ADB) for creating high-quality infrastructure, improving service delivery, and promoting efficient governance systems in towns and cities.

Centre seeks Rajasthan wheat

The Centre is in talks with Rajasthan to increase procurement of wheat and coarse grains, a government official said, seeking anonymity.

Morgan Stanley forecasts 6.5% growth for India next fiscal too

Morgan Stanley Research on Monday said it expects India's economy to grow at 6.5% in FY2024 and FY2025, with strong domestic fundamentals set to reduce any vulnerability to external headwinds.

'Delhi air worst in the world on Monday'

Delhi's air quality on Monday slipped to 'very poor' as a thick smog enveloped the city after people set off Diwali fireworks on Sunday night in violation of a Supreme Court order.

India in push for rare earth minerals with R&D focus

Projects will look at critical minerals like lithium, nickel and tungsten over three-year period

Banks eye batch of '24 in engg, biz schools

India’s top banks are looking to hire aggressively from the batch of 2024 in engineering, business and graduate colleges to complement hiring from the market, augment digital initiatives and compensate for losses in front-line sales staff.

Govt to tap OFS route in rest of FY

The government plans to tap the offer-for-sale (OFS) route for disinvestments in listed public sector enterprises during the rest of the fiscal year instead of initiating fresh strategic sales, a government official said.

Retail inflation hits 4-month low in Oct

Retail inflation fell to a four-month low of 4.87% in October as food prices eased, prompting expectations that the central bank may yet again keep policy rates unchanged at its monetary policy review next month.

Firmer push for local EV production in FAME-III

Govt is considering introducing a 50% domestic value addition mandate

'Challenge global OEMs to invest, Is compete in India'

As talks of an imminent import duty cut on electric vehicles intensifies, Mahindra Group managing director and chief executive Anish Shah on Friday told Mint that it would like to “throw open a challenge\" to global carmakers to “invest in India and compete with us\", responding to a query on how such a decision would impact domestic original equipment manufacturers’ (OEMs) grounds-up EV plans.

Retail pie in NSE cos at record

Retail investor shareholding in NSE group firms surged to a record high of 7.62% during the September quarter due to growing popularity of systematic investment plans (SIP), and growing access through digital platforms amid a robust bull market, according to market tracker Prime Database.

Manipal's Pai acquires Kempner Aakash debt

PE firm Blackstone said to be exiting Aakash Education within a month

Urban folk reluctant to give up sweets, says survey

Urban Indian consumers are reluctant to give up sugary foods with consumers consuming both traditional Indian sweets as well as biscuits, chocolates, ice creams and candies on a regular basis, according to findings of a survey by citizen engagement platform LocalCircles.

Delhi, 4 more opt for direct debit in state e-bus scheme

States will be responsible for running the bus services and making payments to operators

Alcobev cos expect mixed spirits for Diwali, weddings

Experts project contrasting scenarios influenced by state govt policies and changes in duty

Theatres look for Diwali sparkle in post-covid bounceback

India’s film business is looking to regain its mojo this Diwali, the first time since the covid pandemic outbreak, thanks to a clutch of big-ticket movies hitting the screens.

Cyberattack forces largest bank to trade via USB stick

On Thursday, trades handled by the world's largest bank in the globe's biggest market traversed Manhattan on a USB stick.

Hindalco reports flat ₹2,196 cr net profit amid revenue decline

Aditya Birla group flagship Hindalco Industries Ltd on Friday reported consolidated net profit of ₹ 2,196 crore in the September quarter, unchanged from a year earlier and missing analysts' estimates of 12,363 crore. Consolidated revenue from operations fell 3.7% to ₹54,169 crore as metal prices fell.

Retail derivatives inflows in NSE at 100x that of cash

Retail investors pumped in a hundred times more money into derivatives than shares on the NSE’s secondary market in the first half of FY24, and all indications are that the trend may continue into Samvat 2080 as well.

Future Retail RP files for liquidation in NCLT

The resolution professional (RP) of Future Retail Ltd (FRL) on Friday filed for liquidation, marking an inglorious end for the company that once led India’s retail revolution.

India, US explore ways to safeguard open Indo-Pacific

India and the US on Friday explored new ways to expand their strategic partnership to safeguard a free and open Indo-Pacific in the face of the challenge from an assertive China, even as the two sides unveiled plans to jointly develop and manufacture an armoured infantry vehicle.