CATEGORIES
Adani execs meet Pimco, BlackRock, others for bond sale
Adani Group executives met US investors, including from BlackRock Inc., Blackstone Inc. and Pacific Investment Management Co., as part of its plans to market privately placed bonds for some of its group companies, according to people familiar with the matter.
'Gentari to bet on hydrogen, utility-scale power in India'
Gentari, the renewable energy arm of Malaysia-headquartered Petronas, is planning to expand its footprint in India’s utility-scale power sector. In an interview, chief executive officer Sushil Purohit said India will play a major role in Gentari’s future plans and it is in talks with several potential partners as it looks at both organic and inorganic growth.
Celebrity weddings the new big draw on streaming platforms
Weddings are always grand, but the intrigue around getting a glimpse into the high-stakes world of nuptials of the rich and famous have thrown up an opportunity for over-the-top streaming platforms. And, to get more eyeballs by sharing a piece of a celebrity’s life, they are trying to buy the rights to real-life celebrity weddings.
IT sector to see lowest hikes in 10 yrs: Deloitte
'Life sciences, manufacturing remain unaffected by covid, slowdown'
Honda India to roll out first electric scooter in March 2024
Honda Motorcycles and Scooters India Pvt. Ltd, the maker of the largest selling scooter Activa, will be launching its first e-scooter in March 2024 and follow it up with another product, that will have its battery-swapping pack, Honda Power Pack-e, the company's outgoing president for India Atsushi Ogata said.
'Tech sector H-1B employees' spouses can work in the US'
Big technology companies won a major court victory in Washington, where a judge dismissed a suit challenging the rights of highly skilled H-1B visa holders' spouses to work in the US.
Google's India antitrust fine stays, with some concessions
The company can prevent users from uninstalling apps that are pre-loaded on new devices
Zee gets closer to Sony merger with IndusInd settlement deal
Zee Entertainment Enterprises Ltd on Wednesday informed the National Company Law Appellate Tribunal (NCLAT) that it has entered into a settlement agreement with IndusInd Bank, inching closer to its planned merger with Sony Pictures (Culver Max Entertainment).
Two Adani Group firms face contagion risks: Fitch Ratings
Fitch Ratings said two of the Adani Group's stable, cash-generative corporate-like issuers, Adani Transmission and Adani Ports, face higher contagion risks as it raised concerns about governance weaknesses at the conglomerate's sponsor level and other group entities.
ICICI Lombard's digital push overshadowed by stake sale, succession
ICICI Lombard General Insurance Co. Ltd at its 2023 analyst meet held recently showcased its continued thrust on digital product innovations and partnerships. The aim is to improve customer experience, reduce the risk of frauds, explore cross-selling opportunities, and improve penetration.
Jio eyes new horizons with cheap fiber plan
Reliance Industries Ltd’s (RIL) telecom arm, Reliance Jio Infocomm Ltd, seems to be aiming at market share gains in the wired broadband segment. It has announced a new plan called ‘Broadband Back-up’, which starts at Rs198 per month and is available only to new users.
Group led by Lifelong snaps up GoMechanic
Co was earlier reported to be in talks with Spinny, Cars24 and CarTrade
Russia suggests trade payment ₹ in via UAE
Sanctions-hit Russia is looking to settle its oil sales to India in rupees by involving the UAE, two people aware of the proposal said.
India to launch Bio E-3 policy to attract ₹10k-cr investment
The Union government is working on a policy to boost biotechnology-based manufacturing for green growth, a top government official said.
Competition Bill with higher fines provision gets LS okay
The goal is to levy a penalty as a percentage of the global turnover of the offending company
Startup funds crunch is not affecting IPL sponsorship
Indian Premier League (IPL) franchises are set to generate record sponsorship revenues this season despite a funding drought that has sidelined many of last season’s heavy-spending startups.
Air India raises ₹14,000 cr loan from SBI, BoB
Tata group-owned Air India has secured ₹14,000 crore in funding from State Bank of India and Bank of Baroda through a mix of fresh loans and refinance of existing debt, two people aware of the development said.
PE funds get to be promoters of MFs
Move may quicken consolidation in India's ₹41-tn MF industry
Repayment collection in India is a new field of tech innovation
A consumer lending boom has given tech platforms an opportunity
The entry of foreign firms should herald more legal sector reforms
In a surprise move, the Bar Council of India (BCI) has taken a reformatory step towards allowing foreign lawyers and foreign law firms to practise and set up offices in India. This comes after multiple rounds of litigation before various high courts and the Supreme Court of India, where the BCI and several bar associations had opposed the move.
Principles mustn't cede space to the pragmatic
India's Supreme Court has asked banks to hear defaulters out before classifying their loan accounts as fraudulent. This is likely to vex bankers, but it's an elementary demand of justice
How Nikhat and Lovlina punched their way to gold
With four world champions, including Nikhat Zareen and Lovlina Borgohain, Indian women dominate boxing
An American in the Women's Premier League
Tara Norris of the Delhi Capitals made waves with a five-wicket haul
WPL: A triumph for women's cricket in India
The inaugural Women's Premier League captured the imagination of the cricket world with thrilling games and excellent players
Why Morningstar its PMS business in India is exiting
Barely four years after it launched the PMS vertical, the company announced a surprise exit
WHY NOBODY WANTS TO REVAMP MUMBAI'S SLUMS
Slum redevelopment has become a risky, tardy and messy affair
FDIC added sweeteners in deals to offload SVB, Signature Bank
The Federal Deposit Insurance Corp. stuck to its guns and didn't offer bailouts to keep two lenders from collapsing. Instead, it struck deals that included millions of dollars of sweeteners for the acquiring banks that sent their stocks soaring.
US, Japan strike trade deal on electric vehicle battery minerals
The United States and Japan on Tuesday announced a trade deal on electric vehicle battery minerals that is key to strengthening their battery supply chains and granting Japanese automakers wider access to a new $7,500 US EV tax credit.
Scottish Muslim leader's rise underlines 'new norm' in the UK
The jury is out on whether Humza Yousaf can deliver independence for Scotland.
Alibaba splits into six, plans new IPOs in historic overhaul
Move frees up firm's main divisions, from e-commerce and media to the cloud, to operate with more autonomy