CATEGORIES

NXP Semiconductors willing to set up fab facility in India

Chipmaker is already in talks with vendors to explore India as potential manufacturing base

2 Adani energy arms show mixed Q1 results

Adani Green Energy’s consolidated net profit increased by 50.5% year-on-year to ₹322 crore from ₹214 crore in the previous year, while its revenue rose by 41.3% to ₹2,404 crore from ₹1,701 crore in Q1 FY2023.

SBFC sees 2nd pre-IPO round

Investors of SBFC Finance, backed by private equity firm Arpwood Partners, have raised ₹90 crore ($10.9 million) in a secondary deal ahead of the Mumbai-based non-bank lender's initial public offering (IPO) later this week.

HNIs, family offices target bigger slice of realty mkt

The regulated nature of AIF platforms is one of the key factors for the growing interest

'There can be no bumpy roads to transport semiconductors'

There are a lot of Korean companies who are either already in the process of moving or have plans for advancing factories in India.

New FY24 highway target highest so far

According to officials in the ministry of road transport and highways, the government has taken up the highway construction target for FY24 to 13,800 km from 12,500 km earlier.

FSSAI cracks down on use of chemicals, pesticides in vegetables

FSSAI has directed all states and union territories to intensify surveillance of fresh produce due to mounting concerns over high concentrations of harmful pesticides and chemicals in vegetables and fruit sold in markets.

Minimum capacity may be cut for battery storage PLI

The govt held talks last week with firms like Panasonic, Minda Corp, Ather Energy, Maruti, Tata Motors, etc

Below-normal rain in Aug, normal in Aug-Sep, says IMD

After receiving excess showers in July, India is expected to see belownormal rainfall in August and normal precipitation in the second half of the June-September monsoon season, the India Meteorological Department said on Monday.

Aakash's minority stakeholders say no to Byju's shares

Chaudhry and Blackstone collectively own 30% of AESL, while parent Think & Learn owns 43%, and the latter’s founder Byju Raveendran owns 27%

Maruti to take reins of contract mfg firm

Carmaker to buy Suzuki Motor Gujarat from parent at book value

Why a four-day work week is good for health

A year-long research shows shorter hours improve employee well-being

'One mentor isn't sufficient in today's complex world'

Gynoveda's Vishal Gupta on why books are his mentor, and doing nothing is the best way to calm the mind

Lessons for career growth from the game of chess

From striking a balance between risk and reward at work, to planning your next move carefully, there's much to learn from the chessboard

Saudi Arabia set to host Ukraine peace talks on 5-6 August

Saudi Arabia is set to host peace talks among Western countries, Ukraine and key developing countries, including India and Brazil, early next month, as Europe and Washington intensify efforts to consolidate international support for Ukraine's peace demands.

Mining world turns to Saudi cash for metals

Saudi Arabia is seeking to take minority stakes in global mining assets

Sanctions hit Sibur petrochem plans with Indian Oil

Russia’s largest integrated petrochemicals company PJSC Sibur Holding’s plan to build a large petrochemical plant with state-run Indian Oil Corp. Ltd (IOC) at Paradip has hit a roadblock due to the sanctions amid ongoing Russia-Ukraine war, said two people aware of the development.

'We plan to double the pace of chip commercialization'

Applied Materials Inc. is looking to compress its research, development and trial cycles of production technologies in semiconductor equipment by halving it from the current 10-15 years, following its $400 million investment to set up a centre in Whitefield, Bengaluru, Prabhu Raja, president, semiconductor products group, and Srinivas Satya, country president, Applied Materials.

Biological E may raise $250 mn from PE firms

Indian vaccine producer Biological E is in discussions with global private equity (PE) investors General Atlantic, and TA Associates, among others, to raise up to $250 million by selling a minority stake in the company, two people familiar with the matter said.

MotoGP Bharat to flag off with an investment of ₹250 crore

FairStreet Sports Pvt. Ltd, the organizer of the MotoGP Bharat race, has committed ₹250 crore for the premier Grand Prix motorcycle racing event set to be held in Greater Noida.

IndiGo works on more overseas partnerships

Airline's plans come amid aggressive expansion by Tata-owned Air India

Govt in talks with BSF as rice, sugar smuggling rises after export ban

Smuggling of sugar to Bangladesh has gone up following India’s refusal to send one million tonnes of sugar under the government-to-government (G2G) route. The government did not grant permission citing limited availability in the country, said two people aware of the matter.

'Don't deny reality, but optimize globalization'

External affairs minister S. Jaishankar on Sunday called on businesses to \"optimize globalization\" as global supply chains become more distributed.

Push for quick rollout of US, UAE deals to boost exports

Planned move to boost authorized economic operators comes amid falling Indian exports

Pencil maker DOMS preps ₹1,200 cr IPO as mkt swells

DOMS Industries, India’s second-largest pencil maker, is set to file draft papers for a ₹1,200 crore initial public offering (IPO) with the Securities and Exchange Board of India (Sebi) in the second week of August, two investment bankers aware of the development said.

'India could allow global firms to avail incentives under DLI'

The Union government is evaluating a proposal to include large multinational companies in India’s $200 million design-linked incentive (DLI) scheme if they were designing chips in the country, said Rajeev Chandrasekhar, minister of state for electronics and information technology (IT).

NSE weighs extending trade timings gradually

National Stock Exchange (NSE) of India Ltd is considering gradually extending trade timings, currently set at 6 hours and 15 minutes of the regular market, in consultation with its broker members, a top official of India’s largest stock exchange said.

Go First eyes more cash, leaner fleet

Go Airlines India Ltd, the operator of bankrupt Go First airline, aims to secure higher interim financing of ₹600-700 crore from banks and start with fewer flights than earlier planned in its revised strategy to resume operations, two people directly aware of the plan said.

FAME III corpus may jump to ₹30,000 cr

Charging infra to gain focus, with allocation expected to double

SAT overturns Sebi order against Ambani brothers

The Securities Appellate Tribunal (SAT) on Friday set aside the Securities and Exchange Board of India’s (Sebi’s) April 2021 penalty of ₹25 crore on Mukesh Ambani, Anil Ambani, Reliance Industries Holding, and eight other entities for alleged violation of takeover regulations in a more than two-decade-old case.