CATEGORIES

Kati Patang to buy, incubate small alcohol biz to expand

Kati Patang has raised ₹25 cr year-to-date and additional ₹10 cr from existing investors from a share-swap deal

Mswipe Eyes International Market for Higher Margins

The payments fintech will enter Malaysia, Nepal, the UK and other markets to boost its biz

Commercial LPG, ATF prices lowered

ATF prices were cut on Wednesday after they were increased for two consecutive months

Judicial efficiency: Case clearance outstrips backlog for the first time

In a first across Indian courts, the number of cases disposed of in a year is higher than the number of cases pending, according to data from the National Judicial Data Grid (NJDG).

Meteorological dept says 2024 was India's hottest yr since 1901

The year 2024 was the warmest on record in India since 1901, with the average minimum temperature settling 0.90 degrees Celsius above the long-period average, the IMD said on Wednesday.

Govt Clears ₹69,515 Cr Crop Insurance Outlay

The cabinet promised to keep prices of DAP stable at ₹1,350 per 50kg bag

India's petroleum exports dip in Nov

During the April-to-November period, petroleum product exports amounted to $44.61 billion

Intel's grim lesson for Boeing: Sometimes Mr. Fix-It is too late

One day, fickle investors are applauding business-school alumni for paying big dividends and slashing costs. The next, they're demanding that engineers take over to make up for lost innovation.

Beijing Pushes to Use China-Made Chips in Its Electric Vehicles

Not long ago, almost all the chips in Chinese cars relied on manufacturing by foreign firms

Will the Guardrails of US Democracy Hold?

America's democratic institutions withstood, if only barely, Donald Trump's first presidency, but will they do so again?

RIL's acquisitions: $13 bn spent in 5 yrs

Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) has spent $13 billion on acquisitions in the past five years across new energy, telecom, retail and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer-facing verticals.

Sebi introduces MF Lite framework

Index and exchange-traded funds (ETFs) to schemes sponsored by private equity funds will be eligible to be covered under the MF Lite framework on meeting certain conditions as the market regulator aims to simplify the operations of passively managed mutual funds.

Gold Heads for Biggest Gain Since 2010 in Mixed Year for Metals

Gold is heading for its biggest gain in 14 years, with a 27% advance fueled by US monetary easing, sustained geopolitical risks and a wave of purchases by central banks.

Interest on PPF, NSC unchanged

The government on Tuesday left the interest rates unchanged on various small savings schemes, including Public Provident Fund (PPF) and National Savings Certificate (NSC), for the fourth straight quarter beginning 1 January 2023 and ending 31 March 2025.

Rupee declines to record closing low

The rupee declined to a record closing low for the sixth consecutive session on Tuesday, weighed down by a decline in most Asian currencies alongside expectations that it is headed for more losses in 2025.

NaBFID invests ₹745 cr in NDR InvIT

The National Bank for Financing Infrastructure and Development (NaBFID) has invested ₹745 crore in long-term bonds issued by NDR InvIT, the company said on Tuesday.

Drugmaker Anthem files for IPO

Indian contract drugmaker Anthem Biosciences filed for a ₹33.95 billion ($397 million) initial public offering (IPO), draft papers showed on Tuesday, at the fag end of what has been a red-hot year for companies listing on the stock market.

IFC, Others to Take Stake in FEPL

Fair trade regulator Competition Commission of India (CCI) on Tuesday cleared the World Bank's IFC, Asian Development Bank (ADB) and German government's DEG proposal to acquire a stake in Fourth Partner Energy Ltd (FEPL).

Kirloskar cos to challenge Sebi

Our Kirloskar companies on Tuesday said they are preparing to legally challenge a letter by markets regulator Securities and Exchange Board of India (Sebi) asking them to disclose the deed of family settlement that was signed by members of the Kirloskar family on 11 September 2009.

Isro earned $427 mn from US, EU space missions in 10 years

The domestic space economy will be targeting a revenue of $44 billion by 2033

Thermal coal imports up 9% this year

Imports of thermal coal, used for power generation, have increased by about 9% in the April-November of the ongoing fiscal year to 45 million tonnes, on higher procurement made by those power plants that operate solely on imported coal.

RS Panel to Review CCI's Commitment Scheme

The Rajya Sabha's committee on subordinate legislation led by Milind Deora will review a scheme offered by the Competition Commission of India (CCI) in March allowing businesses to avoid anti-trust probes by making commitments to change their conduct, two persons privy to the development said.

India's core sector growth at 4-month high of 4.3% in Nov

The rebound in manufacturing may significantly affect industrial production in November; data will be in by Jan

Pristyn Care in talks for $100 mn in fresh funding

Several PE firms have expressed interest in ramping up allocations to healthcare sub-segments

MGNREGS work demand reaches four-month high in December

The number of people seeking work every month under MGNREGS has been rising steadily since September

FY25 fiscal deficit at ₹8.5 tn till Nov, hits 52% of target

Rising costs and higher spending on subsidies and public sector initiatives fuels deficit

Delhi May Ban Fuel for Old Vehicles to Curb Air Pollution

Still driving an end-of-life vehicle in Delhi-NCR? You may be refused fuel if caught, officials aware of the plan to curb pollution in the city said.

2024 tough year for ad industry but the worst is behind us, says Khemka

Despite 2024's challenges, Khemka is optimistic about the year ahead, citing resilience in key sectors

Cash Heap Spurs Call For Buybacks And Dividends

(ROCE) for operating business surpasses returns from cash holdings, Tandon emphasized that distributing the surplus is a logical move. Not doing so, he warned, could drag down overall returns and the company's market valuation.

Cos may up GenAI spending by half

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