CATEGORIES

Asianxt Digital plans to raise up to $15 mn

Jupiter Capital-backed news and entertainment media-tech player Asianxt Digital Technologies (earlier Asianet News Media & Entertainment), is in talks to raise $10-15 million in growth capital, as the company is looking to enter the social media space with a short format video app next month.

GatiShakti tool may be shared with neighbours

After the successful launch of Unified Payments Interface (UPI) in seven countries, India is planning to showcase and integrate the PM GatiShakti initiative to its neighbours, a senior government official said.

Shipping may get infra tag in boost for vessel ownership

Coastal shipping may benefit, too; move extends status available to shipyards since 2016

'India supports a two-state solution to resolve Israel-Palestine conflict'

India favours a two-state solution to end the decadeslong Israel-Palestine conflict, external affairs minister S. Jaishankar said on Tuesday as the war in Gaza, ignited by Hamas attacks inside the Jewish state in early October, shows no signs of ending.

Domestic engines to power India: IMF

Resilient demand to lift growth to 6.7% this fiscal, says outlook

Global lifts L&T's order boat in Q3

A surge in international contracts swelled the order book at engineering conglomerate Larsen & Toubro Ltd (L&T) in the December quarter, even as domestic orders lost steam at India's largest engineering and construction company.

TCS bags $2.5 billion contract from UK's Aviva, its biggest yet

A 15-year outsourcing deal disclosed by Tata Consultancy Services Ltd (TCS) on Tuesday is worth at least $2.5 billion in value, an executive aware of the contract said.

Movies take on nationalistic flavour as polls near

Multiple movies with political, religious and nationalistic overtones are set to light up the silver screen in the run-up to the general election expected to be held in April May, as filmmakers seek to cash in on the religious fervour that peaked with the opening of the Ram temple in Ayodhya.

Meta Welcomes Headset War With Apple

Meta Platforms is hoping Apple's launch of the Vision Pro can reinvigorate its $50 billion metaverse effort, which consumers have yet to widely embrace.

China's Evergrande heads for liquidation

China Evergrande Group received a liquidation order from a Hong Kong court, setting off a daunting process to carve up one of the biggest casualties of a property crisis that's upending the world's second-largest economy.

Govt's focus may stay on electronics, R&D, digital ecosystems

The Centre is expected to continue its focus on electron strengthening research and development, and digital ecosystems in the budget in a bid to provide additional boosters to its initiatives around semiconductors, electric vehicles, global capability centres, DeepTech startups, and artificial intelligence (AI).

Record capex allocation seen in Budget as railways eyes makeover

The budgetary allocation for the Indian Railways is expected to hit record levels as the government gears up to support a major makeover for the national transporter with the addition of modern and faster trains, and improved safety features.

Textiles ministry may get marginal budget increase of 2.5%

The textile ministry is expected to get a marginal budget increase of 2.5% for the fiscal year 2025, taking its allocation to $4,500 crore, two persons aware of the matter said.

Budget likely to give momentum to India's energy transition pledge

Global commitments include adding 50GW of renewable energy capacity every year for the next five years

India to be big stage for VFX co ILM that powered Star Wars

For Industrial Light & Magic (ILM) known for in a range of movies from Star Wars to Avengers, a key element of its strategy lies in India, where it just completed a year of operations.

'Budget may boost funds for railway, power, renewables'

Being a vote on account budget, major policy announcements are unlikely but Vikas Gupta, small case manager and OmniScience Capital CEO, expects an increased allocation in railways, power and renewables.

Banks trim their gilt edge to serve red-hot credit demand

Lenders facing liquidity squeeze dip into sovereign securities to address credit appetite

Piramal Enterprises to stay away from future investment in AIFS

Piramal Enterprises will stay away from alternate investment funds (AIFs) after the non-bank lender took a provision hit, resulting in a consolidated loss of 32,377.59 crore during the December quarter. In the corresponding quarter last year, the NBFC had posted a net profit of ₹3,545.4 crore.

'Samsung will make laptops in India from this year'

Samsung will begin manufacturing laptops at its Noida facility this year, T.M. Roh, president and head of the company's mobile experience (MX) business, said in an interaction.

OTT platforms in the soup after theatrical films come on the radar

Video streaming platforms that were already treading with care when it came to tackling political or religious themes in the originals commissioned by them, have now found themselves in the soup with films that have released in theatres after censor board approval coming on the radar once on OTT.

Adanis bought $4 bn shares in 2023 against $2.85 bn sold

Still, promoter holding in the 5 firms fell, since shares were bought later at a higher price

Amazon to turn TVs into shopping carts

Amazon.com Inc., joining streaming peers like Netflix, Disney and Peacock, will start running ads on its US Prime Video service on Monday.

Swiss co to invest $25 mn in BluSmart

Switzerland-headquartered impact investor responsibility invest up to $25 million, or around 208 crore, in electric mobility startup BluSmart.

Havells' investors focus on cables capacity, Lloyd's profitability

Electrical appliances maker Havells India Ltd had a challenging December quarter (Q3FY24) due to weak consumer demand. Sales growth was sluggish across most businesses.

GAIL Q3 profit rises multifold to 23,193 crore on cheaper LNG

Sate-run GAIL (India) on Monday reported a multifold jump in its consolidated net profit for the quarter ended December at 13,193.34 crore, buoyed by a fall in international prices of liquefied natural gas (LNG) and increase in transmission tariff.

Bajaj Fin watchful on rural B2C credit

Consumer financier Bajaj Finance on Monday said it continued to remain watchful of risk metrics in its rural b2c (business-to-consumer) segment and has calibrated the pace of growth in the business.

Vi losses narrow to 6,986 cr in Dec qtr on one-time gain

Debt-laden Vodafone Idea's losses narrowed to 16,986 crore in the quarter ended December 2023, from 17,990 crore a year ago, helped largely by a gain of ₹755 crore from a favourable order on a litigation with the government.

ICAR budget set to rise amid focus on food production

The expected allocation hints at the Centre's commitment to bolstering agricultural research

Foreign embassies urged to allot pvt hospitals to patients directly

As part of the Centre's efforts to boost medical tourism in the country, the Union health and Family Welfare Ministry is emphasising on directly allotting the foreign nationals to private hospitals via respective embassies, according to two officials aware of the matter.

Brazil in talks to open its dairy market for Indian produce

India and Brazil are discussing a proposal to open the Brazilian market for Indian a proposal to open the Brazilian market for Indian dairy products, including camel milk and special cheese, two senior officials from the two countries said.