CATEGORIES

TVS eyes Avendus Capital to expand financial services

TVS Credit has joined the race for KKR-backed investment bank Avendus Capital as part of its strategy to expand the group's financial services business, three people with knowledge of the development said.

Tough rules on SME IPOs, insider trades

Sebi sets bigger IPO application amounts, profit criteria for SMEs

An image makeover for palm oil would be good for us

The ecological impact of this affordable oil is lower and health benefits greater than often portrayed

Can the Xi-Trump 'bromance' be revived? Else, ties may fray

Cordiality between the two leaders would favour both countries

Refrain from judicial overreach: It'll strengthen India's judiciary

The suo motu powers of courts are essential to secure justice and the public interest but their overuse can have adverse results

South Korea's political drama was worthy of applause

Its lawmakers were bravely joined by others to reject martial law and uphold democratic institutions

Market losses and mistakes are two completely different things

A loss needn't be a mistake. What matters is whether the process of taking the decision was right

THE ROAD TO BETTER WEALTH MANAGEMENT STARTS WITH A CONSOLIDATED VIEW

Management consultant, educator and author Peter Drucker famously said: \"If you can't measure it, you can't improve it.\" This idea resonates strongly in finance and investments.

Swiss tax shakeup: Effect on Indian investors, workers

Investors face tax hike on dividend starting January, following Switzerland's MFN suspension

How to build a ₹5-cr nest egg with ₹1.5 lakh monthly salary

My cousin (35) earns ₹1.5 lakh per month and paid off a home loan. He invests ₹45,000 in mutual fund SIPs (Nippon Indian small cap, Mirae bluechip and PPFAS flexi-cap) a month; and ₹50,000 in National Pension System every year. How much more should he invest to build a ₹5-crore retirement corpus?

File wage details by January-end for higher pension

Retirement fund body, the Employees' Provident Fund Organisation (EPFO) has extended time till 31 January for employers to upload wages and other details regarding the 310,000 pending applications for pension on higher wages.

India charges a lot of tariff: Trump

US President-elect Donald Trump has said that India charges \"a lot\" of tariff, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.

Telecom sector gets ₹331.8 cr PLI boost

The government has disbursed a total incentive of ₹331.86 crore to 18 of 42 beneficiaries under the telecom PLI scheme as on 31 October. Parliament was informed on Wednesday.

Infosys inaugurates centre near Kolkata

Infosys Ltd's new software development campus opened at New Town in Kolkata on Wednesday.

Real estate attracts record investments

Institutional investment in Indian real estate rose 51% to a record $8.87 billion during 2024 as investors look to encash strong demand for housing, office and warehousing properties, according to JLL.

BofA's CEO says he's just getting started

As he turned 65, Bank of America Corp.'s Brian Moynihan took the stage at a town hall meeting and sent a jolt through the crowd, saying he wants to still be CEO when the stock eclipses $100.

Reliance Nippon, IndusInd start talks

Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap.

ITC consolidates its Oberoi, Leela stakes

TC Ltd, which is demerging its hotels business from January 2025, on Wednesday said it has acquired shareholding of rival hospitality chains Oberoi and Leela from its wholly owned arm, Russell Credit Ltd.

Vishal Mega Mart up 43.50% on day 1

Shares of Vishal Mega Mart Ltd surged 43.50% in debut trade on Wednesday against the issue price of ₹78.

Direct taxes grow faster than budget estimate so far in FY25

Kitty swells 16.45% against full-year budget target of 13% to ₹15.8 tn so far this fiscal

Indian firms face fraud surge: PwC

Many Indian organizations faced financial or economic fraud in the past 24 months where procurement fraud emerged as the top threat, a PwC survey said.

Bangladesh's new dawn is darkened by settling of old scores

When Bangladesh Prime Minister Sheikh Hasina was toppled in August in a student-led uprising, it was supposed to be a new dawn for the young country. Instead, the raw wounds left by her repressive rule have prompted many to pursue revenge by weaponizing the law—just as she did.

Biden admin relaxes H-1B visa rules to hire foreign workers

The rule also extends certain flexibilities for students on F-1 visas seeking to change their status to H-1B

Production resumes at strike-hit Boeing units

Boeing Co. said it has resumed production across its range of aircraft programmes at factories in the Pacific Northwest after they were shut down for weeks because of a lengthy workers strike.

Acquisitions, new builds to fuel Chalet Hotels' expansion

The company is looking to capitalize on the hospitality sector's robust growth phase

Nvidia introduces device aimed at small companies, hobbyists for AI use

Nvidia said Tuesday that it was introducing a $249 version of its Jetson computer for artificial intelligence applications, half the price of its predecessor, to attract more hobbyists and small companies.

Calculation error likely in India gold import data

A surge in gold imports that widened India's trade deficit to a record last month and pushed the rupee to an all-time low was due to an error in calculation, according to people with knowledge of the matter.

TVS Credit eyes Avendus Capital to widen financial services play

Avendus developed significant expertise in India's startup ecosystem, advising many of today's unicorns during their early to late-stage fundraising efforts. As a result, it holds a substantial market share in India's technology and startup sectors. In 2022, it expanded its services by entering the equity capital markets business to offer advisory services for initial public offerings.

Nissan, Honda India ops to gain from potential merger

Merger could align the cos' moves to collaborate in electrification and software development

CCI holds off: Quick commerce gets relief

Predatory pricing claims by trade body shadow instant commerce growth