CATEGORIES

L'Oréal plans growth blitz to double India biz in 3-5 years

French firm expects to grow at twice the rate of domestic beauty personal care industry

Tata to 'gadgetize' EVs in PV folio shift

Tata Motors, the country’s leading electric passenger vehicle company, is beginning to revamp its passenger vehicle line-up, including EVs, to stay competitive in a market where new launches from automakers are increasing choices for younger, aspirational Indian buyers.

Maruti bets small cars will gain from SUV ride

Co urges dealers to stock up more hatchbacks, rationalizes production

'Strong tailwinds make it the right time to list Yatra Online'

As online travel agency Yatra Online Ltd’s IPO will open for subscriptions this Friday, its co-founder and CEO, Dhruv Shringi, in an exclusive conversation with Mint, said there are strong tailwinds behind the business, and this is the right time to list. The company plans to use ₹150 crore from the IPO proceeds for strategic investments, acquisitions, and inorganic growth, while ₹392 crore could be used for investments in customer acquisition and retention, technology, and organic growth initiatives.

Ex-Global Silicon Valley exec joins Celesta as partner

Deeptech-focused venture capital (VC) firm Thursday said it has roped in Anita Rehman, an investor previously at US-based investor GSV (Global Silicon Valley), as a partner.

Kedaara picks stake in Orchids schools owner

Large minority stake in K12 Techno is Kedaara’s second big deal this week

Food ministry to seek jute bag exemption for sugar packaging

The department of food and public distribution will seek an exemption for sugar from mandatory 20% jute bag packaging starting next month.

Data rules may debut in graded manner

The central government is planning a “graded\" transition regarding compliance with rules under the Digital Personal Data Protection (DPDP) Act, an official of the plans said. Under this approach, micro, small and medium enterprises (MSMEs) will get longer time frames to comply, while larger corporations will get less.

WPI inflation hits 5-mth high in Aug, but stays in negative

Easing veg prices saw wholesale food inflation fall to 5.62% in August after 7.75% in July

I&B ministry weighs bill to regulate OTT, DTH

The ministry of information and broadcasting is considering introducing a new bill to regulate broadcasting services, including over-the-top (OTT) apps and direct-to-home services, two people aware of the development said.

EbixCash's IPO filing doesn't disclose an adverse court order

EbixCash Ltd, payment services company that plans to go public, is yet to disclose in its draft share sale documents an adverse arbitration order passed by a Singapore court in June that could cost it ₹100-200 crore.

New licensing policy to boost drug safety

Proposed changes aim at uniformity in licensing across India

Reliance Retail In Talks With Investors To Raise $1.5 Billion

India's Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion, three persons with direct knowledge of the plan said.

Our Inflation Index Lens Is Hazy But Clear Enough

A more accurate picture of the rising cost of living in India would help, but so long as the CPI broadly captures price changes usefully, high-pixel grabs will not necessarily improve policy

India's Unemployment Challenge Can't Be Tackled By Doles As Usual

Structural changes in our economy have resulted in improved education levels and provided a modicum of social security

Best of the bean: Around India in eight coffee shops

Coffee shops that cover every iteration, from affogato to a desi dalgona to civet cat droppings coffee

Today's world war on inflation is yielding no winners

Another month, another suspenseful inflation number. India’s 6.8% rise in the Consumer Price Index (CPI) on Tuesday was lower than expected because of slower-rising vegetable prices that however still jumped 26%.

Govt exempts ETFs from capital gains at GIFT

The government has exempted units of investment trusts and exchange traded funds (ETFs) issued by entities based in GIFT City or traded in exchanges there from capital gains tax.

Hedge funds' big bet against Treasurys isn't what you think

Inflation, bond issuance and Fed tightening are spurring a Treasury derivative bonanza

HOTTEST GPU MAKER'S INDIA PLAYBOOK

While businesses in India need Nvidia's chips, the company also needs India

'Govt to set up import mgmt system for IT hardware soon'

India will introduce an import management system to permit the import of laptops, servers and other IT hardware products from trusted jurisdictions, Rajeev Chandrasekhar, minister of electronics and IT, said. Imports from non-trusted jurisdictions—read China—will be limited to a certain number of units. The framework, expected to be put in place this month, aims to exit the ‘non-sustainable’ model of relying on imports, the minister said in an interview. Edited excerpts:

Studios embrace cross-promotions to woo viewers, boost engagement

Film studios and web content creators are increasingly turning to cross-promotions as a cost-effective strategy to enhance audience engagement in a crowded content landscape.

Kept $533 mn in fixed income assets: Byju's

Clarification after allegation that sum was invested in little-known fund

Banks tap certificates of deposit to meet rising credit demand

Banks are turning to cheaper certificates of deposit (CDs) to meet credit demand which has outpaced deposit growth, data showed.

'Online bank a/cs inaccessible to many due to defunct credentials'

Several individuals across India are unable to access their bank accounts online for reasons ranging from defunct user credentials to account turning dormant, with the system of resuscitating it an arduous process, a survey has found.

Nifty closes above 20K for first time

After a weak start, the markets rebounded well on Wednesday, with Nifty gaining 0.38% and closing above the 20000-mark for the first time, supported by softer inflation data and strong production numbers despite weak global cues.

'Infosys has outlined 8 broad areas for Al'

Information technology services leader Infosys Ltd recently said it is taking an artificial intelligence (AI)-first approach for all its business and operational needs. At its first quarter earnings announcement, the company also committed to train 40,000 employees on generative AI skills. In an interview, chief technology officer Mohammed Rafee Tarafdar explained Infosys' Al strategy. Edited excerpts:

Special session to debate bill on ECs, discuss ‘parliamentary journey'

The government on Wednesday listed a raft of key bills, including one to change the way election commissioners are picked, for the 18-22 September special session of Parliament.

'Higher stocks at coal mines'

The stock of coal at mines and transit has increased 39% over last year, coal minister Pralhad Joshi said on Wednesday, amid concerns over stocks being too low to meet the power demand.

Tesla may source parts worth $1.9 bn from India this yr: Goyal

Electric vehicle maker Tesla is looking to source components worth around $1.9 billion from India this year, commerce and industry minister Piyush Goyal said on Wednesday.