CATEGORIES

India is at the heart of what we do'

French food major Danone, which sells early-life nutrition products and supplements like Protinex in India, on Friday announced investing €20 million (around ₹187 crore) to expand its manufacturing facility in Lalru, Punjab. Chief Executive Officer ANTOINE DE SAINT-AFFRIQUE speaks to Akshara Srivastava in Chandigarh about the opportunities in India amid an ongoing protein health revolution. Edited excerpts:

With more foreign investment, India can build movie industry quicker

After struggling for years to be accepted by filmmakers and theatres, IMAX has now become one of the hottest technology brands. Vanita Kohli-Khandekar spoke to its New York-based CEO RICHARD GELFOND in a video interview on IMAX's place in the global cinema ecosystem and its India plans. Edited excerpts:

Willing to negotiate with workers directly: Samsung

Samsung India is willing to sign a long-term wage settlement and negotiate directly with its workers for an amicable resolution of the dispute, the company's lawyer said on Friday, terming the ongoing employees' strike at the Sriperumbudur plant \"illegal\".

₹8,000 cr merger to build animal health care major

Carlyle-backed SeQuent, Viyash join hands to aid global ambitions

How's the josh at e-com war rooms as Amazon, Flipkart sales go live?

Hampers to experiences in India Inc's gift basket

Top 1% filers account for 54% of short-term capital gains

No. of individuals reporting STCG has risen 10-fold to 4.58 mn in 11 yrs

Private equity deals pick up after 2 yrs of decline

Up 9% at $24 bn in first nine months of 2024; financial services, consumer sectors lead

Authum, Kela buy out Peak XV's stake in Prataap Snacks

Acquire 46.85% for ₹846 cr; deal triggers open offer

Refurbished premium phones a favourite this festival season

iPhones, Samsung drive demand in recommerce space

US tariffs risk Chinese goods flooding India

Tariffs up to 100% on key items from China take effect today

Promoter dilution in small, midcaps surges

The controlling shareholders of smaller and mid-sized companies are reducing their stakes at levels seldom seen since the 2008 global financial crisis.

Pickup in public expenditure may keep growth steady: FinMin

After witnessing contraction in the first quarter of the current financial year (Q1FY25), the government is expecting public expenditure to pick up in the remaining quarters, even though there is a need for monitoring automobiles and fast moving consumer goods (FMCG) sales due to slowdown seen in Q1, the finance ministry (FinMin)'s Monthly Economic Review for August said. After witnessing contraction in the first quarter of the current financial year (Q1FY25), the government is expecting public expenditure to pick up in the remaining quarters, even though there is a need for monitoring automobiles and fast moving consumer goods (FMCG) sales due to slowdown seen in Q1, the finance ministry (FinMin)'s Monthly Economic Review for August said.

BFSI sector valuation discount at new high

Valuation re-rating has been much sharper for non-BFSI companies

Top 5 pvt equity players invested $9 bn in H1CY24

The funding environment in India for startups is improving this year if one were to go by Bain & Company estimates.

No plans to list diagnostic arm: IHH Healthcare CEO

Malaysia's IHH Healthcare, which operates hospital networks under Fortis and Gleneagles brands, has no plans to list its diagnostics arm Agilus Diagnostics, a Fortis subsidiary, senior company officials said.

Greenfield hotel investments return to pre-pandemic levels in H1

Surge fuelled by expansion in Tier-II, -III, -IV cities

‘Focus on increasing visibility in top-tier locations’

Costa Coffee, which has a store count of 200 across the country, continues to expand at a steady pace in the Indian market. In an exclusive interview, VINAY NAIR, vice-president, Costa Coffee, India and emerging markets, spoke in a video interview with Sharleen D'Souza on the healthy growth that the coffee market is witnessing in India. Edited excerpts:

Singapore court grants WazirX four-month moratorium

A Singapore court on Thursday granted a four-month moratorium to Indian cryptocurrency exchange WazirX, a period which the embattled firm will use to restructure its business without worrying about legal proceedings.

Don't hold lenders' meet till verdict is out: SC to Byju's IRP

The Supreme Court on Thursday directed the beleaguered edtech firm Byju's interim resolution professional (IRP) to maintain status quo and not hold any meetings of the Committee of Creditors until the verdict on a plea by a US-based lender challenging the National company Law Appellate Tribunal's (NCLAT) decision to halt insolvency proceedings against Byju's parent company Think and Learn Private Limited is out.

Tata, PSMC seal pact for Guj fab unit

Tata Electronics, a wholly-owned subsidiary of Tata Sons, on Thursday said it has completed a definitive agreement with Powerchip Semiconductor Manufacturing Corporation (PSMC) of Taiwan towards establishing semiconductor manufacturing facilities in India, the Tata group said in a statement.

Just 3,000 nods: Trai's whitelisting deadline may be pushed by 30 days

The Telecom Regulatory Authority of India (Trai) may extend the deadline to whitelist URLs (Uniform Resource Locators), APKs (Android Package Kit), or OTT (Over The Top) links — through which it intends to curb their misuse — is likely to be extended by 30 days as only over 3,000 registered senders (businesses) have complied, officials indicated.

SpiceJet clears salary dues after raising ₹3,000 crore

Low-cost carrier SpiceJet credited the pending salaries of its employees for the months between June and August this year, a company source said.

Govt to borrow ₹6.61 trn in H2FY25

Amount, which is 47% of gross borrowing target, will be realised via 21 weekly auctions

Trade barriers with China will adversely impact us: NTPC arm

DRHP lists several risks, of which China imports a major factor

Plan in line with bond mkt expectations

The central government's plan to borrow ₹6.61 trillion in the second half of the current financial year (H2FY25) through the issuance of dated securities is in line with market expectations, bond market participants said, adding that the borrowing calendar is consistent with the budgeted amount, featuring only minor adjustments in the distribution across various tenures.

Regulatory eye may dampen credit cards' festival spirit

Pressure on unsecured lending may weigh on growth in spending through credit card

Weak gross refining margins to bottom out soon: Analysts

Weak gross refining margins (GRMs) that have dragged down profits of Oil Marketing Companies (OMCs) in FY25 will soon reach their lowest levels before rising again, fueled by stronger winter months and higher availability of Russian crude, analysts said.

Govt approaches NITI for 25% ethanol blending road map, may hike sugar MSP

Food minister Joshi says India has so far achieved nearly 14% blend

CHAIRMAN'S SPEECH

A very good morning to all of you! I am honoured to welcome you to the 57th Annual General Meeting of Hindustan Copper Ltd.

Share of self-employed women increased to 67% in 2023-24: PLFS

Labour force participation rate for women rose to 41.7% from 23.3% in 2017-18