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India's tech tango: Ambition, opportunities and challenges

India's growing prominence on the global tech stage is attracting industry heavyweights, though not without challenges.

Dabur adds to hair care folio with Sesa buy

Dabur India Ltd will acquire a 51% stake in hair care company Sesa Care Pvt. Ltd for an enterprise value of ₹315-325 crore.

Big user base lifts Meesho's FY24 revenue; losses shrink

Firm attributed gains to improved efficiencies, leveraging generative AI & machine learning

Top hotels greet uber-rich with villas serving privacy

Radical shifts in hotel industry niches as luxury travel spending heads for $11 bn this year

Country Delight raises ₹200 crore

Direct-to-consumer food essentials startup Country Delight has raised ₹200 crore (about $25 million) in venture debt from Alteria Capital to fund its expansion, capacity building, and brand marketing efforts, the companies said in a statement.

MFs' sugar stock purchases rise over twofold to $86 mn

Higher blending, coupled with the potential moves to increase MSP for sugar and ethanol, fuelled investor interest

Airtel widens Arpu lead over Jio

Bharti Airtel Ltd has done well on one count in the September quarter (Q2FY25), but fell short on another.

Siti lenders to hold ₹143 cr separately

The National Company Law Appellate Tribunal (NCLAT) has ordered Axis Bank Ltd and other creditors of bankrupt Siti Networks, a subsidiary of Essel Group, to keep ₹143 crore in a separate interest-bearing account.

Bharti Telecom sets sights on its biggest rupee bond sale

Bharti Telecom Ltd, owned by billionaire Sunil Bharti Mittal, is planning to raise about ₹8500 crore ($1.01 billion) in the local-currency bond market, according to people familiar with the matter.

Sebi's penalty on research analyst sparks compliance fears

The market regulator's penalty on research analyst Arun N. has left his peers worried as they fear that the requirement of adequate know-your-customer checks would be a compliance challenge.

Sebi seeks shorter NFO window

Sebi proposed reducing the window for the deployment of new fund offer proceeds to 30 days

Govt mulls steps to push strategic foreign investments

The government is considering expanded measures to allow greater flexibility for strategic foreign investors to buy stakes in local companies after offshore investment slumped to a five-year low, three people with knowledge of the matter said.

Onion prices stay high: wagons may be made the norm

The government plans to make railways the standard mode of transporting onions amid sticky retail prices, two people aware of the matter said.

Post-covid, online dispute resolution gets a booster shot

When Presolv360 began operations in 2017, most companies and individuals still preferred to gather in dim court halls to resolve their disputes. Until 2021, this Mumbai-based online dispute resolution platform handled a mere 140 cases.

Health policy in the works... for wildlife

India's wildlife faces numerous threats, from habitat loss and fragmentation to species decline and extinction

Samvat 2081 dawns with hopes, doubts on Street

Mint poll finds market experts split on Sensex reaching 100,000 mark by March

Can't win q-comm via cash: Swiggy's Majety

Customer experience, and not capital, will ultimately drive the fortunes of quick commerce platforms, Swiggy's co-founder and CEO Sriharsha Majety said in an interview, as the company counts down the days to its ₹11,300-crore initial public offering (IPO) on 6 November.

AkzoNobel puts up India unit for sale

Europe's largest paint-maker and owner of the Dulux brand, AkzoNobel NV, plans to exit its India business after seven decades of operations in the country, amid rising competition in the domestic market.

Maruti banks on SUVs, CNG models to beat demand blues

Sport utility vehicles (SUVs) and compressed natural gas (CNG) variants of existing models are driving auto demand in India, including Maruti Suzuki India Ltd.

Fiscal deficit down to ₹4.75 tn, core sector output recovers

The April-Sept 2024 fiscal deficit is lower than the ₹7.02 tn reported in the year-ago period

Air fares in Sep quarter rise, Q3 may be worse

Multiple public holidays have sparked demand for short trips to domestic destinations, said Indiver Rastogi, president & group head of global business travel at Thomas Cook (India) and SOTC Travel. This year, Independence Day, Janmashtami, Onam, Eid and Ganesh Chat-

Yes, the world is hotter than it has been in 2,000 years or so

A scientific study of tree rings confirms global warming is for real

As a non-resident, is there a tax liability on exiting Indian MFs?

I have been investing in mutual funds for the past four years. Last year, I moved to Dubai and am currently a non-resident Indian NRD). Say, if] exit all my mutual fund investments now, would I have zero tax liability? —Name withheld on request.

Mergers off but PSB privatization still on

T 'he Centre doesn't have any plan to merge public sector banks (PSBS) in FY25, though it will not ditch plans to privatize PSBs during the fiscal, two people aware of the matter said.

Think Tesla Is In Trouble? Pity Even More Its Wannabe EV Rivals

The combined market value of six prominent wannabes hit 400bn in 2021, but today they are worth 65bn

Has The Growth Of Our Economy Translated Into Domestic Jobs?

While the covid shock and other setbacks got in the way, data indicates that employment in India is on a firm recovery path

Financial Sector Reforms Plan To Be Unveiled Post Elections

The govt will cut its stake in five PSBs this fiscal to comply with Sebi’s listing guidelines

Generative AI Is Not Ubiquitous In The Business World-Not Yet

While some AI tools racked up users, some firms are proceeding with caution, or not at all

Wipro’s CEO switch was not about its share price

Shareholder value data does not explain the firm's change on top. In a flux-filled field like infotech, business performance counts for more and Wipro's challenge still seems quite steep

How not to blow a major chunk of your travel budget on visas

Rejection of visas can impact your travel costs, especially when you have to cancel flight and hotel bookings