CATEGORIES

Starbucks adds two egg dishes in new bid to boost $3-bn biz

The chain will add a chicken, maple butter and egg sandwich to its permanent menu starting Wednesday, as well as a potato, cheddar and chive bake

Blasts in Iran kill over 100 in event to honour general

TWO EXPLOSIONS KILLED at least 103 lives and wounded scores at a ceremony in Iran on Wednesday to commemorate top commander Qassem Soleimani who was killed by a US drone in 2020, Iranian officials said, blaming unspecified \"terrorists\"

Disney to work with ValueAct to counter billionaire activist Peltz

ValueAct’s backing may bolster Disney’s stance against Peltz

Fundraising via IPOS may soar 40% in 2024

The next couple of months should see several issues being launched

Auctions of valuables of Nirav Modi firms fetch ₹100 crore

THE AUCTIONS OF gold, diamonds, and precious stones of the two companies of absconding businessman Nirav Modi have fetched around ₹100 crore, which is marginally higher than the reserve price.

Myntra FY23 loss widens to ₹782 cr, revenue up 25%

Myntra has reined in expenses like customer acquisition, server and infrastructure costs to cut down cash burn

Airtel loses 1.2 mn active users in Oct

Highest in last 17 months

Bajaj Auto to consider share buyback on January 8

BAJAJ AUTO ON Wednesday said that its board of directors will consider a share buyback proposal on January 8.

For Adani Group, it's vesterday once more

SC judgment will boost eroup’s confidence on mega investment plans

Slow rural revival to hit FMCG firms in Q3

A SLUGGISH RECOVERY in rural markets and a weaker-than-expected festive period may hurt sales of fastmoving consumer goods (FMCG) companies in the December quarter (Q3).

Versuni's first manufacturing facility in Gujarat inaugurated

VERSUNI INDIA HOME Solutions, earlier known as Philips Domestic Appliances, unveiled its new manufacturing facility in Ahmedabad on Wednesday.

Govt to start buying pulses at rate above MSP from today

TO ENSURE THAT farmers' get remunerative prices and creation of a buffer, the government on Thursday will start procurement of tur and masur dal, which is currently ruling above the minimum support price (MSP) through a 'dynamic price' formula.

OVL to get Venezuela oil for $600 m dividend

VENEZUELA HAS AGREED to ship oil to the country for enabling ONGC Videsh (OVL) to recover the pending $600 million dividend for its stake in the San Cristobal Project in the South American country, Pankaj Jain, oil secretary said on Wednesday.

Explicit budget subsidies to drop 28% to ₹4 trn in FY24

Subsidy bill may not rise steeply in FY25 if global soil nutrient prices don't flare up

AC makers get more time to comply with quality norms

THE GOVERNMENT ON Wednesday exempted some air conditioner parts, including high capacity compressors, from mandatory quality control norms for a year on industry demand, till October 2024.

Goods exports to hit last year's level in FY24: Goyal

INDIA'S MERCHANDISE EXPORTS this financial year will touch last year's levels despite shipments contracting 6.5% year-on-year in the first eight months and slowdown in global trade, commerce and industry minister Piyush Goyal said on Wednesday.

In a first, Musk's SpaceX to launch Isro satellite

COMMUNICATIONS SATELLITE DESIGNED TO MEET CONNECTIVITY NEEDS OF REMOTE AREAS

Haven't told OMCs to cut fuel prices: Puri

PETROLEUM AND NATURAL GAS minister Hardeep Singh Puri Wednesday asserted that the government has not asked state-owned oil marketing companies COMCS) to reduce retail prices of petrol and diesel.

Akasa Air adds 2 Boeing 737 MAX 8 to fleet

DOMESTIC Wednesday CARRIER Akasa Air on said it has recently added two Boeing 737 MAX 8 aircraft to its fleet.

Vedanta wins bondholders' backing to restructure debt

LONDON-HEADQUARTERED VEDANTA Resources (VRL), the parent company of Indian mining major Vedanta, received bondholders' approval to extend the maturity period of four series of bonds worth $3.2 billion due in the next three years.

Manufacturing PMI hits 18-month low

Falls to 54.9 in Dec on fading demand for certain products

SC refuses CBI probe against Adani Group

IN A REPRIEVE to Adani Group, the Supreme Court on Wednesday refused to transfer the investigation currently being carried out by the Securities and Exchange Board of India (Sebi) to the Central Bureau of Investigation (CBI) or a special investigation team (SIT).

China injects $50 bn into policy banks

THE PEOPLE'S BANK of China injected nearly $50 billion worth of low-cost funds into policy-oriented banks last month, suggesting the central bank may be ramping up financing for housing and infrastructure projects to support the economy.

Truckers' protest leads to panic buying of fuel

PROTESTS WERE HELD in many states on the second day of the strike by some truckers' associations against stricter punishments in the new law on hit-and-run cases, even as the government began talks on Tuesday with the agitating groups to end the stir that threatened to impact the supply of essentials and led to panic buying of fuel in several places.

Can Jaiswal-Gill duo up the ante at Cape Town as India look to level series?

INDIA'S TOURS TO South Africa are like primetime soap operas without the endless drag.

UP dithers over cane price, farmers hope for big hike

FARMERS AND MILLERS are anxious over the Uttar Pradesh government not declaring its state advised price (SAP) for sugarcane for 2023-24, despite the crushing season technically starting from October.

India part of world's largest radio telescope project

DAE approves ₹1,250 cr, Pune’s NCRA to take lead

Finmin relaxes big spending guidelines for departments

TO ACCELERATE PUBLIC spending in the last quarter of the current fiscal, the finance ministry has relaxed cash management guidelines to allow departments and minstries to release ₹500 crore or more in schemes without any restrictions.

Apple gets a new bear as Barclays warns on co cooling iPhone demand

APPLE GOT ITSELF a new bear as expectations of soft demand for its latest iPhone prompted analysts at Barclays to downgrade the stock.

Elon Musk's than a third X now worth 'less of purchase price'

ELON MUSK'S X is now worth less than a third of the price the billionaire paid for the former Twitter, Axios reported, citing disclosures by Fidelity.