CATEGORIES

IT lifts Nifty to a record close in volatile trade

SHARES SHRUGGED OFF losses to end higher in a volatile session on Thursday, led by a rebound in information technology stocks and supported by gains in ITC.

Private credit deals rise 47% to $7.8 bn in 2023

PRIVATE CREDIT DEALS have seen a jump of 47% in CY2023 to $7.8 billion in value terms compared to $5.3 billion in CY 2022, said auditing and consultancy firm EY in a report.

Travel abroad: Airtel rolls out in-flight roaming from 195

BHARTI AIRTEL ON Thursday launched in-flight roaming plans starting from 195 for prepaid and postpaid users travelling abroad.

Milk production grew 60% in last decade, says PM

At Amul’s golden jubilee, he says milk producer can be the world’s largest

Centre to consider raising sugar's minimum sale price

THE GOVERNMENTWILL.consider the demand for higher minimum sale price (MSP) of sugar from mills in sync with the fair and remunerative price (FRP) of sugarcane paid to farmers, food secretary Sanjeev Chopra said on Thursday.

WEF chief: India on track to become a $10-trn economy

INDIA IS ON track to become a $10 trillion economy in coming years and grab the third-largest slot soon, World Economic Forum (WEF) president Borge Brende said on Thursday as he described the country as a place with optimism not seen elsewhere in a very fragmented and polarised world.

Govt releases 3 MT rice & atta to curb prices, extends duty

TO CONTROL THE rising prices of cereals, the government on Thursday announced a plan to release 3 million tonne (MT) of rice and atta into the retail market as part of the 'Bharat' brand initiatives over the next 4-5 months.

Green bonds response disappointing, says CEA

Nageswaran laments risk aversion of private capital

Price-sensitive India toughest market for Uber, says CEO

INDIA IS THE toughest market for growth as customers demand more services with very low spending, Uber Technologies CEO Dara Khosrowshahi said on Thursday.

Coal India eyes FY25 listing for two arms

COAL INDIA IS likely to come out with the initial public offer for two subsidiaries, Bharat Coking Coal (BCCL) and the Central Mine Planning and Design Institute (CMPDI), in FY25, according to sources.

Flash PMI climbs to 7-month high in Feb

THE HSBC FLASH India composite Purchasing Managers' Index (PMI) rose to a seven-month high of 61.5 in February from 61.2 in January, owing to strong demand conditions, S&P Global said on Thursday.

Birla targets No.2 spot in paints sector with Opus

ADITYA BIRLA GROUP expects to rake in revenue of 10,000 crore from its paints venture and become profitable within three years of full-fledged operation.

Raveendran, wife & brother to skip Byju's EGM today

Lack of quorum may result in meeting being adjourned

Vi board meet on Tuesday to mull fundraise

VODAFONE IDEA ON Thursday said the company's board will meet on February 27 to consider and evaluate proposals to raise funds.

An exceptional jurist and humanist

FALI SAM NARIMAN, the exceptional jurist and humanist, a colossus in the courts who helped secure many a landmark verdict in modern India, whose moral authority steered and even shaped the judiciary, passed away in his sleep at his home in New Delhi an hour after midnight Wednesday Nariman was 95.

Gender-inclusive workplaces still a distant dream

DESPITE MAJOR GAINS in education and significant improvement in maternal health in the past few decades, India still has a low rate of participation of women in the paid workforce.

Popeyes comes to Delhi

JUBILANT FOODWORKS LIMITED (JFL), which holds the master franchise for Domino's Pizza and Dunkin' Donuts in India, on Wednesday unveiled a Popeyes store in New Delhi's Chandni Chowk.

Gaza war casts shadow over Europe's cultural life

Anger at Israel offensive flares in France, Italy, UK

Pak power-sharing deal sealed: Shehbaz PM, Zardari president

IN A BREAKTHROUGH that could end the political uncertainty in Pakistan, the Pakistan Muslim LeagueNawaz and the Pakistan Peoples Party have agreed on a power-sharing deal to form a new coalition government after intense negotiations following a fractured poll verdict.

US turns up heat on China's top chipmaking plant

THE BIDEN ADMINISTRATION is turning up the heat on China's top sanctioned chipmaker by cutting off its most advanced factory from more American imports after it produced a sophisticated chip for Huawei's Mate 60 Pro phone, three people familiar with the matter said.

HSBC's profit sinks 80% on $3-bn charge at China bank

HSBC HOLDINGS PLC reported fourth-quarter profit fell 80% after taking unexpected charges on holdings in a Chinese bank and from selling its French retail operations. Shares slid in London.

‘Fintech personal loan pie doubles in 5 years’

THE SHARE OF fintechs in personal loan sanctions rose to 62% of the overall volume as on September 30, from 30% in March 2019, a report from the Fintech Association for Consumer Empowerment (FACE) showed on Wednesday.

Index inclusion spurs demand for offshore rupee bonds

Global institutions, including a World Bank arm, have issued bonds worth 1.4 bn so far in 2024

63 Moons forays into cybersecurity

IT FIRM 63 Moons Technologies has forayed into cybersecurity in collaboration with global companies in the domain and is planning to set up support infrastructure in each district in the next three years, a top company official said.

Investing money in Byju’s my duty, says Raveendran

WITH BYJU'S $200 million rights issue fully subscribed, founder-CEO Byju Raveendran on Wednesday wrote to the shareholders expressing his gratitude.

JSW Steel meets banks for $750-million loan

STEELTYCOON SAJJAN Jindal plans to borrow $750 million for capital expenditure purposes as India's largest mill targets a major capacity expansion, according to people familiar with the matter.

DPIs will drive India towards a $8-trn economy by 2030

INDIA'S DIGITAL PUBLIC Infrastructure (DPIs) such as Aadhaar and Unified Payments Interface (UPI) would propel the country towards an $8trillion economy by 2030 and help it achieve the $1-trillion digital economy target, according to a report.

PhonePe unveils Indus Appstore

IN WHAT COULD challenge the monopoly of Google Play Store in the android market, Walmart-owned PhonePe on Wednesday launched a 'Made-in-India' IndusApp store for android devices.

Inequality among districts fell sharply under NDA: EAC

INEQUALITY AMONG DISTRICTS declined more sharply during the Narendra Modi-led National Democratic Alliance I government than the United Progressive Alliance II, a working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) has said.

GDP growth may slow to 6% in Q3, says Icra

INDIA'S GDP GROWTH is likely to slow down to 6% in Q3 FY24 from 7.6% in the previous quarter, mainly on account of moderation in growth of industrial and agricultural sectors, rating agency Icra said in a report on Wednesday.