CATEGORIES

Bain goes hostile as Fuji Soft battle with KKR intensifies

Bain Capital said on Wednesday it plans to launch a tender offer for Fuji Soft shares even without the backing of the Japanese firm's board should a second-round bid from rival suitor KKR fail.

US set to begin probe into Chinese semiconductors

President Joe Biden's administration is set to initiate a trade investigation into Chinese semiconductors in the coming days, as part of a push to reduce reliance on a technology that US officials believe pose national security risks.

US lines up Bill to avert partial govt shutdown

Top Republicans and Democrats in the US Congress unveiled a stopgap measure on Tuesday to keep federal agencies funded through March 14, which would avert a partial government shutdown that would otherwise begin on Saturday.

Honda, Nissan weigh merger as competition hots up

BAILOUT IN THE WORKS: Nissan's financial and strategic trouble adds more urgency for closer cooperation with larger rival Honda

Priyanka on simultaneous polls House panel

Former Union ministers Anurag Thakur and P P Chaudhary from the BJP, and Priyanka Gandhi Vadra of the Congress are set to be among the 21 Lok Sabha members, who will be part of the joint committee of Parliament that will scrutinise two Bills on simultaneous elections. The Lok Sabha's list of business for Thursday included the names of 21 MPs to be part of the committee, a motion on whose constitution will be moved by Law Minister Arjun Ram Meghwal.

Cong should've made Manmohan Prez, Pranab PM in 2012: Aiyar

Congress leader Mani Shankar Aiyar has said the party could have saved itself the ignominy of sinking to 44 seats in the 2014 Lok Sabha elections if it had sent Manmohan Singh – the then prime minister – to the Rashtrapati Bhavan in 2012, and replaced him with Pranab Mukherjee.

BJP, Oppn lock horns over Shah's Ambedkar comment

Almost all prominent Opposition leaders, including chief ministers, on Wednesday criticised Union Home Minister Amit Shah for his remarks on BR Ambedkar, with Congress President Mallikarjun Kharge demanding that Prime Minister Narendra Modi sack Shah from the Council of Ministers.

RBI dials down use of NDFs to fight dollar

The Reserve Bank of India has started to rein in its ballooning non-deliverable forwards (NDFs) book, according to sources, shifting away from one of its key tools to push back against the strong dollar.

Plan to take UPI live to 4-6 nations next year, says NPCI arm CEO

NPCI International Payments (NIPL), the body responsible for deploying NPCI's homegrown payment products globally, is in the process to expand the reach of the Unified Payments Interface (UPI) to four to six additional countries in 2025, up from the current seven, according to a senior official.

PCHFL looks to sell ₹550 cr NPLs via Swiss auction

Piramal Capital & Housing Finance Limited (PCHFL), a wholly-owned subsidiary of Piramal Enterprises, is seeking counterbids to sell two pools of non-performing loans (NPLs) worth ₹550 crore through a Swiss challenge auction, triggered by an anchor bid of ₹118 crore.

Punjab & Sind Bank raises ₹3,000 cr via 10-yr infra bond

State-owned Punjab & Sind Bank on Wednesday raised ₹3,000 crore through 10-year infrastructure bonds at a coupon rate of 7.74 per cent, said sources aware of the development.

Shriram Finance secures record $1.27 bn multi-currency loan

Shriram Finance on Wednesday said that it has raised $1.27 billion through a syndicated external commercial borrowing (ECB) in various currencies, making it the largest such loan secured by a domestic private non-banking finance company (NBFC).

'Unusual' gold import surge under govt lens

OFFICIALS WORKING TO RECONCILE DATA, POSSIBLY OVERSTATED BY 50 TONNES IN NOV

DP World lays tracks for logistics growth with Pali facility boost

Stretched across 44 acres, the sound of heavy machinery and the creaking of metal is constant at DP World's Pali rail terminal in Rewari, Haryana, which is slated to increase its capacity by 25 per cent, expecting greater business opportunities across Northern India.

At $129 bn, India top recipient of remittances this year: World Bank

India was the topmost recipient of remittances in 2024 with an estimated inflow of $129 billion, followed by Mexico, China, Philippines and Pakistan, driven by a recovery in the job markets in high-income countries, a blog post by World Bank economists said on Wednesday.

Investments, consumption to drive 6.6% growth in FY26

Gradual improvement in consumption demand and investments from both the public and private sector due to monetary easing are expected to push India's economy to grow a tad faster at 6.6 per cent in the financial year 2025-2026 (FY26) compared with the downward revised projection of 6.4 per cent for the current financial year, India Ratings and Research said on Wednesday.

GOM backs GST exemption on term life insurance plans

5% tax on health premiums, exemptions for seniors also recommended

India, China seek mutually acceptable border settlement

National Security Advisor Ajit Doval and China's Foreign Minister Wang Yi on Wednesday aimed for a \"reasonable and mutually acceptable framework\" to resolve the border issue and held discussions for the resumption of the Kailash Mansarovar Yatra during the Special Representatives (SRs) meeting in Beijing.

India on 10th spot in US trade deficit rankings

India may not have been on the list of the top 10 countries with which the US had the highest trade deficit in calendar year (CY) 2023, but there was cause for concern for India.

Direct tax mop-up rises 16.4% to ₹15.8 trillion

Non-corporation taxes see strong growth; STT jumps 85.5% Y-o-Y until December 17 of FY25

Infosys unveils campus in Kolkata

Information Technology (IT) giant Infosys on Wednesday inaugurated a development centre built at a cost of ₹426 crore at New Town.

CEOs seek infra status, increase in marketing spend

Chief executive officers (CEOs) from major hospitality companies raised concerns about taxation policies and the lack of infrastructure status for hotels during a closed-door meeting with government officials on Wednesday at the 18th CII Annual Tourism Summit.

Minister tells sector leaders to prepare 'concrete' paper

Union Tourism Minister Gajendra Singh Shekhawat has asked hospitality sector stakeholders to prepare a \"concrete\" paper seeking infrastructure status for the travel and hospitality sector, a demand which he will put forth before the finance ministry.

IndiGo suggests increase in pilot rest time from June

IndiGo has proposed to the Directorate General of Civil Aviation (DGCA) a step-by-step increase in the weekly rest period for pilots, saying it wants the implementation to begin from June 2025, Business Standard has learnt.

Hotel room rates log record highs in '24 on tourism peak

Increase driven by boom in domestic tourism, weddings in Nov and Dec

The macro, micro, and nano world of influencers

THE CONCLUDING PART OF THE TWO-PART INFLUENCER ECONOMY SERIES DELVES INTO HOW MARKETERS CAN USE INFLUENCERS FOR A BRAND AND WHAT THE CHALLENGES ARE

SC classifies small bottles of coconut oil as edible

Says it should be taxed at 5% instead of 18% in 15-yr-old dispute

Databricks raises $10 bn in record VC round

Databricks has raised $10 billion in one of the largest venture capital funding rounds in history.

myTVS takes a quantum leap, to deliver auto parts in 2 hours

Will also distribute lubricants for passenger, commercial vehicles with myTVS Hypermart

Damani tops self-made entrepreneur list

MakeMyTrip, PolicyBazaar founders in top 10 of Hurun India's list for first time