CATEGORIES

Astral Spirits aims to launch new brands in India

Astral Alcobev Pvt. Ltd, the importer of bottled-in-origin Slovakian ‘Skull X’ vodka and Italy-made ‘Skinny Witch’ prosecco brands, is looking to produce two new variants of its spirits now in India.

Maruti to buy Suzuki plant in Gujarat with shares, not cash

Issue of new shares for car plant will lead to equity dilution of around 4% for Maruti Suzuki

Tata Power plans pumped storage projects for ₹13K cr

Tata Power, the energy generation and distribution arm of the $300 billion Tata Group, has partnered with the Maharashtra government to establish two pumped hydro storage projects (PSPs) in the state, with a combined capacity of 2,800 MW.

Pepperfry co-founder Murty dies of cardiac arrest in Leh

Ambareesh Murty, 51, who passed away late Monday evening in Leh after suffering a cardiac arrest, was remembered as a key architect, mentor and resilient leader of furniture startup Pepperfry.

Kerala hospital in talks with PE cos

It is looking to raise ₹500 cr to fund its expansion plans

Loading delays at Mundra port are affecting trade, truckers complain

An association of over 15,000 truckers has written to the Centre seeking an end to delays in the allotment of containers that is pushing up the cost of the logistics at Mundra, India's largest container port.

Centre weighs resuming rice supplies to ethanol makers

Move comes amid worries that the government may fail to reach its ethanol blending target

Carlyle to buy 30% of Quest Global for $500 mn

Private equity (PE) giant Carlyle has agreed to acquire a significant minority stake in engineering services firm Quest Global, the two companies said on Tuesday.

Cos can move NCLT to lift veil on hidden beneficial owners

Companies can approach the National Company Law Tribunal (NCLT) to force disclosures from an individual suspected of significant beneficial ownership, or 10% of a company, but hidden behind layers of legal entities, the ministry of corporate affairs (MCA) said.

Rural loans, small biz see stress rising

Uneven rainfall, higher interest rates take a toll on borrowers

Death Claims: How Some Banks Still Pose Hurdles

A nominee of a bank account-savings or fixed deposit-is liable to receive proceeds from the said account on the demise of the account holder

Studying Neanderthals to understand back pain

Sitting hunched over our work desks for long hours has altered the shape of our spines, leading to weaker backs that are always in pain

Economists have reason to give industrial policy another chance

What was dismissed as lacking a solid economic foundation has been reopened for debate by recent studies on success stories

Democracy in Pakistan is still a question mark

Its internal army dominance makes it difficult to relieve resource allocation of a military calculus. Imran Khan's trial must get a fair review, just as its polls must reflect real choices

HOW NHAI PLANS TO DODGE A DEBT TRAP

India's premier highway construction body is in a race against time to monetize its assets and pare its debt

Former women HC judges to oversee Manipur relief work

As Manipur sank deeper into ethnic violence, the Supreme Court on Monday ordered setting up of a committee of three former women high A court judges to oversee relief and rehabilitation of victims and compensation to them besides asking former Maharashtra police chief Dattatray Padsalgikar to monitor the probe in criminal cases

Retail sales of vehicles rise in July

Retail sales of vehicles in India rose in July, a dealers' body said on Monday but cautioned of rising inventory levels and demand slowdown in certain categories despite the upcoming festive period

RIL ready to double its green energy investment to ₹1.5 tn

Company is planning to commence the transition from grey to green hydrogen by 2025

Meesho posts maiden profit in July, mulls IPO

Startup expects to close current FY with 40% growth in revenue run rate

Brookfield nears deal for Adani's BKC tower

Sale likely at 1,000-2,000 cr; may be finalized over next few weeks

Jet Airways asked to pay 350 crore to creditors by 31 Aug

Jet Airways' new management has to pay ₹350 crore to the Committee of Creditors (CoC), the National Company Law Appellate Tribunal (NCLAT) was informed on Monday

Sebi slashes pending case load in FY23

The Securities and Exchange Board of India (Sebi) significantly reduced the number of pending cases in FY23 as the regulator focused on resolving long pending litigation, according to the annual report of the markets regulator

Record $70 bn revenue for auto parts makers

Automotive parts suppliers saw a 33% increase in sales to OEMs in FY23

Auto OEMS sceptical about PLI payouts

Companies applying for the automotive and auto components production-linked incentive (PLI) scheme fear they may not be able to meet all of the government's requirements to receive the incentives this fiscal, multiple industry sources said, citing lengthy, \"onerous\" and complex procedures

Isro to build more bespoke satellites

Agency in talks with users for next demand-driven satellite

Veg thali cost surges 28% in July amid soaring food prices

Soaring prices of vegetables, especially tomatoes, onions, and potatoes, have placed a heavy burden on the poor, who spend the bulk of their income on food

LS okays data bill; worries on Centre's powers remain

The Lok Sabha on Monday passed the landmark Digital Personal Data Protection (DPDP) Bill amid loud protests from the Opposition

Promoters raise $500 mn via Adani Green stake sale to QIA

The promoters of Adani Group raised about $500 million by selling a part of their holdings in Adani Green Energy Ltd to investors, including INQ Holding Llc, a wholly owned unit of sovereign fund Qatar Investment Authority (QIA)

Gandhi returns to Lok Sabha ahead of no-confidence

Congress lawmaker Rahul Gandhi re-entered the Lok Sabha on Monday, 137 days after his disqualification on 24 March, and a day ahead of the debate of the no-confidence motion that begins Tuesday, which he will likely initiate

Chandra to settle debt, reclaim Dish

Essel Group founder Subhash Chandra is poised to settle the ₹6,500 crore debt it owes JC Flowers Asset Reconstruction Co. (ARC) for close to ₹1,500 crore to regain ownership of the family's stake in assets, including Dish TV and Zee Learn, as well as three properties, including a bungalow in central Delhi