CATEGORIES

'Russia could reintroduce FX controls'

An emergency 350-basis-point rate hike by the central bank, to 12%, seems to have only slowed the rouble slide

NRIs sent $112 bn home in FY23, most in 5 years

The US and the UAE held the top share in India's inward remittances

'Govt saved 12% on costs in Dwarka Expressway project'

CAG found that the elevated carriageway plan raised construction cost to ₹251 cr per km from ₹18.2 cr

China torpedoes Intel's bid to buy Tower Semiconductor

Intel scrapped its more-than-$5 billion offer to buy Israeli chip maker Tower Semiconductor after Chinese regulators failed to approve the deal in time, the latest sign of fallout from the U.S.-China battle over technology.

Protectionism to take centre stage at Dubai WTO meeting

A record number of World Trade Organization (WTO) members have raised concerns about rising protectionist moves in global trade, propelling the issue to centre stage at the 13th WTO Ministerial Conference (MC13) in Abu Dhabi in February, an official aware of the development said.

Critical mineral explorers may get revenue share over 50 years

Miners discovering critical and deep-seated minerals may be allowed a revenue share from the block over the entire 50-year lease period, two people aware of the plans said.

iPhone 15 local assembly begins as launch nears

Production of the iPhone 15, which is likely to be unveiled next month, has started at the factory of Apple’s contract manufacturer Foxconn near Chennai, two people familiar with the development said, the first time an Apple smartphone is being assembled in India before its international launch.

Adani family sells $1.1 bn power arm stake to GQG

The promoters of Adani Group on Wednesday raised around ₹9,000 crore by selling 8.1% of their holding in the energy-generation arm Adani Power Ltd, marking billionaire Gautam Adani’s largest equity capital-raising through a share sale in a single entity.

Sebi cracks whip on IPO promoter classification

The Securities and Exchange Board of India (Sebi) has intensified its scrutiny on promoter classification of companies looking to go public, with the markets regulator’s observations prompting at least six companies in the past three months to include individuals or entities as promoters, according to three people familiar with the developments and filings reviewed by Mint.

City buses, railway lines to get a boost

Cabinet okays e-bus, multi-tracking, digital projects worth ₹1.18 tn

AI, AI Express integration: Code Share, Route Recast

These steps are part of a strategy that includes the merger of AirAsia India and Air India Express, which will operate as Air India’s low-cost unit, offering budget flights on non-trunk routes

Crunch Time For Craft Beer As Pandemic, Fees Take Their Toll

Makers of Witlinger, Mad King and White Owl craft beers have either shut shop or started new ventures, while owners of Kati Patang, White Rhino and Beor 360 have scaled back their operations

Adani, Vi May Face Fines If They Fail 5G Minimum Rollout Rule

Vodafone Idea, Adani Data Networks yet to deploy any site; govt may not give extension

How Vegetables Became Inflation Villain Yet Again

Vegetables alone dragged up retail inflation by over 200 basis points

Four Discoveries That Can Change Our World

A series of major science findings in the last few weeks has excited scientists and doctors. Will it live up to the hype?

Inflation May Haunt Biden's Poll Fortunes Even If It Cools Further

The positives of his economic record and fall in US inflation to 3% from 8% may matter less than the shock of price instability

Will Neeraj Chopra Lead India To The Top Of World?

A large and confident contingent of Indian athletes head to the World Athletics Championships eager to win everything

With An Eye On 2024, PM Unveils New Plans

Prime Minister Narendra Modi announces key development initiatives ahead of 2024 polls

Our millennial attitudes are in uneven transition

A new Indian survey reveals that population pessimism persists while individualism scores more heavily among the younger lot. What’s clear is that openness to diversity needs a boost

Mirae Asset India chief bets big on India's growth story

Swarup Mohanty says there is plenty of room for growth for the mutual fund industry

Surprise China rate cut highlights tough choices facing Xi Jinping

PBOC on Tuesday lowered the rate on its one-year loans by 15 basis points to 2.5%-the steepest cut in three years

M&M bets Oja will help double tractor exports

New platform for 4 tractor categories built at an investment of ₹1,200 cr

'India a priority market for eBay'

In an interview, Vidmay Naini, eBay’s general manager for global emerging markets, which include India and Southeast Asia, spoke about the challenges faced by India’s e-commerce exporters and the role of generative artificial intelligence (AI) in e-commerce ventures

JioCinema limits loss after IPL

The platform says it has sustained much engagement thanks to Bigg Boss OTT

Goenka, Chandra may move SAT over Sebi ban this week

A petition against Sebi’s 14 August order is expected to be filed with SAT either on 17 or 18 August

'We expect rural recovery to be more enduring in future'

The launch of bridge packs, an expanding distribution network and an overall demand uptick have driven rural demand growth for Dabur, says CEO Mohit Malhotra

Aurobindo shares double on US show

The turnaround in the company’s prospects has been aided by an improved outlook for its US formulations business, which contributes almost half of the company’s overall revenues.

Apollo's hospitals biz to drive growth but cost pressure may rise

Apollo’s mainstay hospitals business saw 13% growth. The other segments, Apollo Health and Lifestyle Ltd (AHLL) and Apollo HealthCo continued to show improvement.

All's not well on goods trade front

Goods imports fell by 17% to $52.9 billion. This is the seventh consecutive month in which goods imports have fallen.

'More an overheated summer than a funding winter in FY23'

In an interview, Prime Venture Partners' co-founder Sanjay Swamy spoke about the firm’s investment thesis, why it has continued a focused portfolio and how it handles founder-investor relations