CATEGORIES

Cutbacks, salary delays at Log9

Nanotechnology startup Log9 Materials has laid off more than 115 contract workers at its Bengaluru factory and postponed January salaries for employees, and payment to vendors, according to people aware of the matter.

Xoriant's digital engineering push with MapleLabs buyout

Xoriant, a California-based software engineering and digital services firm supported by homegrown private equity major ChrysCapital announced on Thursday the acquisition of Bengaluru-based technology solutions provider MapleLabs Inc. The company, however, did not disclose the financial details of the transaction.

ChatGPT spews gibberish, OpenAI blames it on 'bug'

OpenAI updated the page with a message stating the tool was operating normally after over 16 hours

CVC Cap partners agrochem veteran for chemicals play

European private equity firm CVC Capital, which announced the close of its sixth and latest Asia-focussed vehicle earlier this week, on Thursday said it has partnered with the agrochemical industry veteran Rajan Gajaria to invest in global chemicals and CDMO (contract development and manufacturing organizations) businesses.

KKR to bring chunk of Asia infra fund to India

To expand investment horizon from Fund II after deploying 30% of Fund I

Readymade garment exports up in Jan

Key products such as crude oil, auto, chemicals, textiles etc. and steel have been affected by the Red Sea crisis

Cabinet panel okays BrahMos missiles buy for Navy

In a significant move, the Cabinet Committee on Security (CCS) has accorded approval for the procurement of more than 200 BrahMos supersonic cruise missiles and associated equipment for the Indian Navy at a cost of around ₹19,000 crore, people familiar with the matter said on Thursday.

Japanese stocks hit pre-bubble record

Japan's benchmark stock average on Thursday broke the record closing high set more than 34 years ago, a milestone in the country's recovery from a popped bubble that left the economy in the doldrums for decades.

Space FDI to fuel nascent segment

Opening up FDI comes after the space policy for private sector was introduced in April last year

Hero Future to raise $200 mn before IPO

The spate of deals in India’s renewable energy space continues with Rahul Munjal-led Hero Future Energies Pvt. Ltd looking to hire JP Morgan for a pre-initial public offering (IPO) fundraising. The deal is expected to have an equity value of around $200 million, said two people aware of the development.

Jio BP, Adani, Shell in talks to charge up highways

Adani Total Energy, Jio BP, Shell Mobility and the Aditya Birla Group are among private entities in talks with the government to set up charging stations along national highways under a new initiative to enhance electric mobility, two people aware of the development said.

Premature change in policy action may hurt, warns MPC

Five members of the central bank’s six-member rate-setting committee warned against any premature change in policy action while embarking on the \"last mile of disinflation\", and voted to keep policy rates unchanged, minutes of its meeting held earlier this month showed.

Flurry of decisions likely as polls near

Cabinet to clear several proposals before election code kicks in

World Bank, Others Issue Rupee Bonds

The World Bank's lending arm and other global institutions have issued $1.4 billion worth of offshore rupee-denominated bonds so far this year to meet strong demand spurred by India's inclusion in JP Morgan's widely tracked emerging market debt index, two banking sources said.

What Consumers Need To Know About The Capital One-Discover Deal

Capital One on Monday announced a $35 billion acquisition of Discover Financial Services, and right on cue Elizabeth Warren demanded that the Biden Administration block it. Yes, the same progressives who complain that big banks and Visa and Mastercard are too powerful now want to shield them from competition.

New Treatments Are Emerging For Type-1 Diabetes

"WHERE ARE the islets of Langerhans?" is a trick question that pops up from time to time in quizzes. The answer is to be found not in atlases of geography, but rather in those of anatomy, for the so-called islets are in fact clusters of cells scattered through the pancreas. There they synthesise and release a range of hormones, including insulin, which regulates glucose levels and thus metabolism.

Indian Banks' Rush For Clients Set For Reckoning Post Paytm

The central bank may get tougher before governor Shaktikanta Das steps down this year

India, Greece Aim To Double Trade To About $4 Bn By 2030

Greek Prime Minister Kyriakos Mitsotakis on India visit, holds discussions with Modi

Pay Hikes May Dip A Bit, But Top Talent To Shine

Cooling inflation to make 9.5% average hike more attractive than before

Fast-Food Chains Bet On Offers To Boost Dine-In

High inflation and greater competition have hurt in-store sales

ATR Sounds Warning: Aircraft Deliveries To Remain Slow

The French firm expects its aircraft deliveries to return to pre-covid levels by 2027-2028

Animal Spirits Revival: Will Private Capex Roar?

An RBI report points to economic conditions being in place for a private capex revival. But we have seen many stirrings that flattered only to deceive. This time, let's hope it plays out

Welcome to the jungle: Richie Mehta on 'Poacher'

Richie Mehta on his new series and the challenges of following up 'Delhi Crime' with a different sort of procedural

Exploitation cinema gets a queer spin

'Drive-Away Dolls' is a playfully R-rated, unabashedly queer romp Agoncion

The travels of Mughal princess Gulbadan

In this excerpt from a new book, historian Ruby Lal explains Princess Gulbadan's pivotal role in her nephew Akbar's court

Our school infrastructure needs a revamp to flatten its pyramid

Primary education has widened in India but left us short of capacity for higher-level schooling. This challenge must be met

'ETFs in debt have a huge potential for investments'

Fintech entrepreneur Sanjiv Shah brought ETF, or exchange-traded fund, investment to India in 2001. He launched the country’s first Nifty 50, gold and CPSE ETFs. Shah left the mutual fund (MF) industry in 2017, but his entrepreneurial fire is lighting others. In an interview with Mint, Shah talked about his recent work, trends in the ETF space and anecdotes from his MF industry days. Edited excerpts:

IN PSU BANKS, A RISE OF HASHTAG ACTIVISM

Frustrated with the older trade unions, some bankers have started amassing support on social media

An executive bought a rival's stock. Insider trading, says SEC

Defense lawyers say the case is the first to involve \"shadow insider trading\"

RBI bolsters fintech scrutiny with more inspections

The RBI's moves come as financial regulators in other markets, including China, crack down on rule violations