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AFFLUENT INDIA IS FUELLING EQUITIES. THE STORY HAS GAPS

Everyone loves India’s premiumization narrative. But that’s not the complete script

Centre, farmer leaders meet in Chandigarh to break deadlock

Farmers are agitating to secure legal guarantee to minimum support price mechanism

FDI into China dips to worst in 30 years

Foreign businesses' direct investment into China last year increased by the investment into China last year increased by the lowest amount since the early 1990s, underscoring challenges for the nation as Beijing seeks more overseas investment to help its economy.

Even the world's biggest electric-vehicle market is slowing

Chinese electric-vehicle makers that enjoyed years of explosive growth now face a slowdown in domestic demand, spurring them to push overseas and challenge global auto giants already struggling with a transition to battery-powered cars.

It's the end of the web as we know it, and implications of the shift can be big

For decades, seeking knowledge online has meant googling it and clicking on links offered up, but artificial intelligence is changing all of that, and fast

Dubai's golden visas help face slump

At the height of the global pandemic, as Dubai faced an exodus of expatriates competition and mounting from neighbouring business hubs, the government opened up.

John Cockerill eyes India as export hub

Belgium-headquartered engineering major John Cockerill Group aims to make its proposed electrolyzer plant in the country a hub for exports of the apparatus, and the group also intends to venture into defence manufacturing.

Casa keeps falling, but 2014 levels are still far

At 39.3% in Dec, ratio still far above pre-demonetization level of 31.6%

IHCL to add more hotels, focus on spiritual tourism biz

Tata group hospitality firm Indian Hotels Company Ltd (IHCL) is looking to strengthen its leadership position in spiritual tourism, developing properties in noted locations in India with spirituality expected to play a more significant role globally, according to a top company official.

Chalet Hotels to add 800 rooms in 3-4 years to meet growing demand

Chalet Hotels, a subsidiary of K Raheja Corp Private Ltd, has set ambitious plans to expand its portfolio of \"big-box\", or large inventory hotels, aiming to add approximately 800 rooms to its offerings.

Sundaram Alternates to raise IK cr for green realty projects

Sundaram Group, plans to raise about ₹1,000 crore from global investors to fund green real estate projects in India.

2-wheeler firms see double-digit growth

The domestic two-wheeler industry is expected to witness a double-digit revenue growth next fiscal with demand for premium models anticipated to gain further momentum, according to Hero MotoCorp CEO Niranjan Gupta.

LEAD to trim burn rate, aims to become profitable in FY25

West Bridge-backed edtech unicorn LEAD School will reduce its Ebitda burn in FY24 by two-thirds and become profitable in the next financial year, the company's co-founder and CEO Sumeet Mehta told Mint in an interview.

Eruditus to deepen its India presence to grow

It partners with IITs and IMs to offer executive programs in the country

Can FY25 break NMDC's momentum?

Investors in NMDC Ltd had a fruitful 2023 with the stock climbing over 70%.

China holds key interest rate steady

China refrained from cutting a key policy interest rate as its central bank sought to shield the yuan from volatility, underscoring the challenges policymakers face as they try to manage economic risks and pressures from deflation.

Stock mkt may gallop to $5 tn in 2 months; economy in a slower 4 yrs

The economy $5-trillion could hit the mark in the next four years, but the stock market value can soar to $5 trillion within the next two months, going by the roaring rally in state-owned enterprises and the likes of Reliance, Infosys, and TCS, according to market mavens.

PRANAY BHARDWAJ/MINT Siemens banks on energy, railways

Siemens Ltd, with its diverse range of products, is poised to benefit significantly from the increased spending on infrastructure in the energy and railway sectors.

Deal wins not rosy for IT firms

The revival hopes for the information technology sector hinge on the rate of deal acquisitions, yet the performance in the December quarter (Q3FY24) was lukewarm. After an exceptional second quarter, deal wins in Q3 slowed down for top-tier IT firms.

Apple to face fine of $539 mn from EU

The European close to hitting Apple Inc with its first-ever antitrust fine as well as a ban on App Store rules that the bloc believes thwart competition, according to the Financial Times.

Deals digest: Investment value dips, M&A activity subdued

India's investment activity remained subdued during this week, lacking any large ticket transactions. It was also the third week in a row without a deal hitting the psychologically important $50 million mark.

Synaptics India expected to double headcount by 2028

American tech solutions provider Synaptics is looking to expand its operations in India.

Samara in talks for Enovate deal

Samara Capital, an Indian private equity fund, is in advanced talks to invest in natural ingredients supplier Enovate Biolife, which operates in India as well as the US, at least two people aware of the development told VCCircle.

Investcorp eyes final close of 2nd India fund by yr-end

The firm has already raised over half the target corpus of the 400-mn private equity fund

Govt sharpens groundwater monitoring, impact on food output feared

The Centre is looking to revamp its approach to groundwater management, a senior government official said, as the nation faces the critical challenge of falling groundwater levels that threaten agricultural productivity, The government aims to expand the network of monitoring wells to 90,000, including through 40,000 digital water level recorders (DWLRs) across the country.

Talk about health, IMA advises politicians

The Indian Medical Association (IMA) has drawn up a 'health manifesto' and distributed it to around 60 lawmakers across all national parties ahead of general elections.

SFIO probe unleashes political storm

A probe by the Serious Fraud Investigation Office (SFIO) into the affairs of two private firms and a state public sector enterprise that has snowballed into a political storm is likely to get bigger.

India's answer to EU carbon tax: green textile products

Aim is to reduce carbon footprint and water consumption in the textile industry

Small streamers pick up big guns' slack

Smaller regional language streaming platforms with limited budgets and little access to top talent are rushing to fill the void left by bigger entities, many of whom have slowed down on commissioning new projects.

China steel keeps India Inc on edge

India's steelmakers and user industries are keeping a close watch on the trajectory of Chinese steel exports, which could determine these companies' margins in the coming quarters.