CATEGORIES

BluSmart Targets to Turn Profitable in 5-6 Quarters

EV CAB AGGREGATOR BluSmart is likely to turn profitable in the next five to six quarters, according to the guidance given by its management recently to a group of investors.

Indices fall on tariff concerns; VIX jumps

SHARES ENDED LOWER on Monday, with the broader market seeing sharper cuts, as concerns over US tariffs and the ongoing market decline kept investors on edge.

Fitch Downgrades Adani Energy Arm

FITCH RATINGS HAS downgraded the outlook for Adani Energy Solutions (AESL) to negative on concerns that US investigations could reveal its governance weakness and affect financial stability.

Data find clues to hidden water-ice on the moon

Chandrayaan-3 Data Findings

India Adds 25.2 GW Solar Power in 2024

India added 25.2 gigawatts (GW) of solar power capacity in the calendar year 2024, significantly higher than the 8.3 GW installed in 2023, a recent report by Mercom on the solar market showed.

Minimalist's expansion plans to pick up pace post HUL merger

Company to expand global footprint; new plant in Jaipur soon

Pakistan Holds Key Rate for First Time in a Year

PAKISTAN UNEXPECTEDLY HELD its benchmark rate for the first time in almost a year, with policymakers flagging risks to inflation from global trade disruptions and volatile food prices.

Sun to buy Checkpoint for $355 mn

THE DEAL WILL be made through an upfront cash payment of $4.10 per common share, a premium of about 66% to Checkpoint's last close on Friday, Sun Pharma said in an exchange filing.

Icra pegs CV sector growth at 3-5%

Upswing In Sight

Finmin mulls raising deposit insurance limit

The Deposit Insurance and Credit Guarantee Corporation (DICGC) may raise the deposit insurance limit beyond the existing ₹5 lakh, considering its financial position and the overall stability of the country's banking system, finance minister Nirmala Sitharaman informed Parliament on Monday.

Record 115 MT wheat output seen

Taking Stock

Gen AI funding in India rises to $400 million in 2024

FUNDING IN GENERATIVE AI rose to around $400 million last year, from $250 million in 2023, as more AI-enabled applications and platforms found product-market fit within enterprise work flows, a report by Bain & Company and Indian Venture Capital Association said.

NCLAT upholds nod to ICICI Sec delisting

THE NATIONAL COMPANY Law Appellate Tribunal (NCLAT) on Monday dismissed appeals challenging the National Company Law Tribunal's order that had allowed ICICI Securities to proceed with its proposal to delist from the stock exchanges.

Govt's FY25 spending to exceed revised estimate

THE CENTRE ON Monday sought Parliament's approval for net additional spending of ₹51,463 crore in the second batch of supplementary demand for grants for FY25, which could lead to government expenditure exceeding the revised estimate (RE) of ₹47.16 lakh crore, sources said.

Cars24 Forays Into New Car Sales With Super App

Cars24 on Monday entered the new car sales space by launching a platform that aggregates automobile dealerships and manufacturers.

Demat account additions in Feb at 21-month low

THE ADDITION OF demat accounts in February fell to a 21-month low at 2.26 million, even though their total number surpassed the 190-million mark, according to data from CDSL and NSDL.

Noida Airport opening delayed to June qtr: Zurich Airport CFO

THE OPENING OF the Noida International Airport, which is running six months behind schedule, is slated for inauguration in the June quarter, a top official of Zurich Airport said.

Stop asking for tax cuts, Gadkari tells India Inc

UNION MINISTER NITIN GADKARI on Monday asked the industry not to perpetually demand a reduction in taxes as the government needs funds to implement welfare schemes for the poor.

Broken rice exports to W Africa, Indonesia markets set to rise

THE GOVERNMENT'S MOVE to lift the ban on broken rice exports—the last of the restrictions on the shipments of the grain—is likely to aid market expansion in west African countries, including Gambia, Benin and Senegal, and Indonesia in the next fiscal, according to exporters.

Rupee Records Biggest Fall in 2 Weeks

Steep Decline

Poverty of ambition

Zero tariffs for US drugs cost little but Indian firms must look beyond branded generics, seek R&D-driven growth

Over 82% USAID projects cancelled

SECRETARY OF STATE Marco Rubio said he had officially canceled 83% of USAID's contracts and that his agency will administer its few remaining programs.

Goldman trims 12-month Nifty target to 25,500

GOLDMAN SACHS HAS reduced its 12-month target for the Nifty by around 5.6% to 25,500 from the previous target of 27,000, representing around 12% potential upside from Monday's level of 22,460.

Godrej Consumer opens ₹515-cr Chennai unit

GODREJ CONSUMER PRODUCTS (GCPL) on Monday inaugurated its first integrated greenfield manufacturing plant in Chengalpattu district on the outskirts of Chennai, with an investment of ₹515 crore.

Irdai chief post: Govt invites applications

THE GOVERNMENT HAS invited applications for the post of chairperson of the Insurance Regulatory and Development Authority of India (Irdai) ahead of the completion of incumbent Debasish Panda's tenure on March 13.

Parliamentary panel on railways calls for PPP push

TO REDUCE ITS dependence on gross budgetary support (GBS) from the central government, the Parliamentary Standing Committee on Railways has urged the ministry of railways to intensify its focus on public-private partnership (PPP) projects.

2W dealers anxious as new norms from Apr 1; no clarity on old stock

The next stage of regulatory compliance for two- and three-wheelers is set to kick-start on April 1, 2025.

How a personal problem led to a solution for many

IN 2014, A year after graduating from IIT Roorkee, life for Harshil Mathur and Shashank Kumar was all about taking the familiar course of working in large global corporations abroad.

Infosys: Accelerating delivery excellence

The company is powering mega-deals through partnerships

Top realtors corner LRD loans at cheaper rates

WITH THEIR CREDIT profiles rising despite largely stagnant interest rates, top commercial property developers have been able to borrow against rent receivables at a rate lower by 75-to-100 basis points in the past year.