CATEGORIES

HC restrains sale of GEAR trust's assets after loan default

The Bombay High Court has restrained Gifted Foundation (GEAR) from disposing of its assets after the education trust defaulted on a ₹35-crore loan from Axis Finance, a non-banking subsidiary of private lender Axis Bank.

Modern trade stores pop up across India

These independent stores offer more options for buying household items

Deepak Fertilisers, Equinor ink pact

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Monday said it has entered into a long-term agreement with Norway's Equinor for supply of Liquefied Natural Gas (LNG).

ED has not found forex breaches at Paytm bank unit

An investigation into possible foreign exchange bank by the Enforcement Directorate (ED) has not yet found any breaches, a government official directly aware of the matter said on Monday.

Whirlpool promoter to sell 24%

Whirlpool of India Ltd's promoter, Whirlpool Mauritius Ltd, will sell 24% stake worth $451 million (₹3,745 crore) in the Indian appliance maker through a block deal on Tuesday, as per a term sheet reviewed by Mint.

NCLT orders liquidation of Gitanjali Gems

The National Company Law Tribunal (NCLT) has ordered liquidation of jewellery retailer Gitanjali Gems, promoted by absconding diamantaire Mehul Choksi, under Section 33 of the Insolvency and Bankruptcy Code, 2016.

'GDP growth no longer a benchmark for firms'

McKinsey said top 20% listed firms outpaced GDP growth during 2012-22

Mitsubishi, TVS unit form India mobility JV

TVS Mobility Pvt Ltd on Monday said it has formed  a joint venture (JV) with the Japanese conglomerate Mitsubishi Corporation (MC) to establish a comprehensive vehicle mobility ecosystem in India.

Bosch to boost R&D, local e2w components

The firm sees significant electrification growth in the 2-wheeler segment

Hindalco's goal to use 30% clean power may be met early

Hindalco Industries is likely to reach its target renewable power in its overall energy mix a few years ahead of its original schedule of 2030, as the Aluminium producer presses ahead with its commitment to reduce greenhouse gas emissions.

KVS Manian is new joint MD in Kotak Bank reshuffle

Private sector lender Kotak Mahindra Bank announced significant leadership changes on Monday, including re-designating whole-time director KVS Manian as the joint managing director from 1 March.

Crompton Greaves in pain as Butterfly still to spread its wings

Crompton Greaves Consumer Electricals Ltd is facing challenges with the acquired portfolio, Butterfly Gandhimathi Appliances Ltd.

Cement: After dull Q3, dreary outlook looms

For cement companies, the December quarter (Q3FY24) was a mixed bag. Price increases had to be partially rolled back on weaker absorption during the latter part of the quarter.

NIIF invests $25 mn in Amicus Capital

India's quasi-sovereign fund, the National Investment and Infrastructure Fund Ltd (NIIF), has pledged ₹207 crores (around $25 million) to Amicus Capital Partners' second vehicle, an India-focused growth capital fund.

Nvidia's staying power is the $2 tn question

It surpassed market values of both Amazon.com and Alphabet last week

Apex court reluctant to interfere in Kerala

The Supreme Court on Monday expressed its reluctance to interfere in a suit filed by the Kerala government against the limits imposed by the Centre on its borrowing powers.

India eyes Brazilian urad, tur supplies

India and Brazil are working on a plan to increase supplies of Brazilian black matpe (urad) and pigeon peas (tur), a diplomat from the South American nation said, amid falling domestic production and a growing appetite by vegetarians looking for protein-rich food.

Petroleum exports drop sharply as West tightens squeeze on Russia

Earnings from petroleum shipments fell steeply in April-January FY24 due to the global economic slowdown, a rise in domestic consumption, and shrinking discounts on Russian oil.

Roadwork speeds up but will miss target

Road construction has once again picked up, with 1,442 km of highways readied in January -40% more than the 1,029 km laid in the same month last year when it was still struggling to recover from the pandemic.

Tested organic food coming on your plate, courtesy govt

Unhappy with private labs, the Centre plans to upgrade 90 state labs for organic food testing

Pay Up Credit Suisse dues by 15 Mar, SC tells SpiceJet

The Supreme Court on Monday slammed SpiceJet for failing to clear its dues to Credit Suisse, ordering the low-cost airline to pay up by 15 March and asking its chairman Ajay Singh to appear before it a week after making the payment.

HK's expensive luxury property turning cheaper

The most expensive homes in the city are changing hands at steep discounts to what they were worth just a few years ago.

JSW Steel eyes $1 bn pie of Australian coal mine

Access to imported coal critical for company to meet capacity expansion target

Farmers to resume march tomorrow

Farmers gathered at the Punjab-Haryana border government offer on price guarantees and vowed to press ahead towards New Delhi on Wednesday, resuming an agitation that was briefly suspended to consider the offer.

Time To Open Up About Menopause In The Office

The workplace can be a difficult place to navigate for menopausal women. More employers need to Start conversations around their health

Small Investors Creep Back Into Crypto

Mom-and-pop traders may be starting to come back, thanks to the exuberance surrounding the Jan launch of US ETFs investing directly in Bitcoin

How War In Europe Boosts US Economy

Proponents of support for Ukraine usually invoke US strategic interests or moral obligations. Lately, they are making a more calculating case: It is good for the economy.

How To Get A Productivity Boost From Your To-Do List

By setting clear goals, celebrating small wins and leveraging technology, you can move ahead at work

Beware a chatbot playing the buddy who knows you closely

ChatGPT’s memory feature could worsen social media pathologies

India's 16th Finance Commission needs to prioritize urbanization

It should demystify its work, widen public participation and address the need for significantly better funded towns and cities