CATEGORIES

HDFC Bank gets RBI nod to buy 9.5% stake each in six banks

India's biggest private lender by market capitalisation, HDFC Bank, said on Tuesday it has received approval from the Reserve Bank of India (RBI) to acquire up to a 9.5% stake each in six private lenders.

Three IPOs on Wed, aim to raise ₹1,700cr

The IPO lane is getting busy with three entities - Rashi Peripherals, Jana Small Finance Bank and Capital Small Finance Bank-set to float their maiden public issues on Wednesday to collectively mobilize around ₹1,700 crore.

Ashok Leyland margin is robust

For Ashok Leyland, the financial year 2024 is mainly about the stellar margin performance. For the second consecutive quarter, the commercial vehicle manufacturer has clocked a sequential improvement in Ebitda margin.

Gaming deals up in '24: Lumikai's Sehgal

The gaming sector is poised to attract more investor attention in 2024, leveraging the burgeoning India consumer narrative, according to a top executive at Lumikai, a venture capital (VC) fund dedicated to gaming.

Cred enters wealth management via Kuvera

Once the deal goes through, Kuvera's team and products will continue to operate independently

'India is top growth market in this region'

Five years ago, Teleperformance, a French outsourcing company, acquired Mumbai-based BPO firm Intelenet from private equity firm Blackstone to expand its operations in India. Daniel Julien, Teleperformance’s founder and CEO, now considers India as its top growth market having expanded the company’s operations in Gurugram, Mohali, and Hyderabad.

Govt's earnings surge: ₹25,000 cr from STT as stock market hits highs

In a year investors flooded into the stock market and the benchmark indices touched new highs, the government earned 25% more from the tax on selling listed securities, a top official said.

Bulk of capex to meet energy needs: PM

He urged industry leaders to help steer the nation to a future that is both prosperous and sustainable

'RBI expected to clarify on Paytm Payments Bank issue'

Start-ups should realize that the law needs to be followed as they grow: financial services secy

Why the FAA still can't fix Boeing

Boeing has said it would have to rework 50 737 MAX jets because of newly discovered misdrilled holes

New SaaS firms pitch India base

The rise in digitization and hybrid work models has bolstered growth in the SaaS ecosystem

Brisk hiring at IIMS, startups go missing

Consulting companies remain the top draw despite their lesser than usual hiring mandates

Retail stock investors made most of market surge

Retail investors who invest directly in stocks, as opposed to investing through mutual funds, appear to have come of age if their transactions on the secondary market are anything to go by. Market experts say retail investors have in recent times tended to sell at highs and buy at lower levels, a reversal of their past behaviour.

ChrysCap, Carlyle, General Atlantic circle Healthium

Leading investors, including General Atlantic, ChrysCapital and Carlyle, are looking to acquire medical sutures maker Healthium Medtech Ltd, three people aware of the development said.

FMCG sector stares at bleak year ahead

NielsenIQ predicts sales moderating after two strong years

PM Sure Of Poll Win, Vows India Will Be Third Largest Economy

Estimates NDA winning more than 400 seats, with BJP bagging at least 370

RBI Could Signal Scope For Rate Cuts In 2024-25

An early policy pivot is unlikely under near-term price pressures, but a shift in policy stance could set the stage for rate cuts next year-ideally in sync with a private investment revival

Meta Has Finally Figured Out How To Sell The Metaverse

The last time Mark Zuckerberg signaled plans to open his wallet, his shareholders bailed. What a difference two years makes.

Ideas To Master Mindfulness

For artists and writers, the creative process is a means to counter anxiety, but how do they channel stress into their art?

India Energy Week: Focus On Energy Security, Alternative Fuels

The second edition of India Energy Week kicks off in Goa on 6 February with participation from global oil majors including Russia's Rosneft and Saudi Arabia's Saudi Aramco.

Breathing bad: A lung surgeon's prescription for our air pollution

Every city needs data-driven pre-emptive interventions to safeguard the air we share as a matter of collective responsibility

THE RETURN OF THE NRI HOMEBUYER

NRIs have been buying premium flats, plots, villas and homes in retirement communities. What gives?

The copycats are coming for China's hit brands

Pinduoduo Starbucks's Chinese rival, Luckin Coffee, has fought a long legal battle with a look-alike in Thailand

Powell says Fed has new focus: When to cut rates

The Fed chair says in a rare TV appearance that officials \"just want to gain a little more confidence\" on inflation

Laptop sales stall on enterprise weakness

Data shows laptop sales in 2023 were nearly flat for a second straight year

JSW builds ₹6K cr war chest for port M&As

The company is assessing the trans-shipment project in Great Nicobar

HC junks plea against MIAL's expansion

The Bombay High Court on Monday rejected a petition filed by the Air India Staff Colony Association, opposing the demolition of unoccupied buildings in the Air India colony by Mumbai International Airport Ltd (MIAL) for its expansion.

Boeing picks more holes in drills on 737

The latest manufacturing slip started with a supplier and will require rework on 50 undelivered 737 jets

Airtel's Dec quarter profit jumps 55%

Bharti Airtel's consolidated net profit in the quarter ended December rose nearly 55% year-on-year to ₹2,442 crore, helped mostly by subscriber additions and arise in average revenue per user.

Policy in works to spur part-ownership of jets

While demand for private jets surged during covid, it retreated thereafter