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OrbiMed raises $4.3 bn for seed, growth bets

Corpus to invest in healthcare, life sciences companies worldwide

Buyers' apathy, change in IBC spur Go First liquidation fear

All eyes on HC verdict, govt clarification; lenders to seek extension of the resolution deadline

NSE stock king of unlisted universe; monthly turnover tops $300 mn

Shares of the National Stock Exchange (NSE), India’s biggest bourse, are among the most sought-after among unlisted companies, with the average monthly turnover topping $300 million in off-market trading, wealth managers and investment bankers said.

Havells, Voltas trip on valuations

In a seasonally lean quarter, Havells India Ltd and Voltas Ltd’s air conditioner segments put up a good show on the revenue front in the September quarter (Q2FY24).

New EPF additions lower than in FY19

The number of new Employee Provident an indicator of new formal jobs -has recovered from the pandemic years but is yet to reach pre-pandemic levels, the National Statistical Office (NSO) said.

ADB okays $400 million India loan to improve urban services

The Asian Development Bank (ADB) has approved a $400 million policy-based loan to India, aimed at backing urban reforms by way of boosting infrastructure quality, providing assured public services and efficient governance systems, the multilateral development bank said in a statement.

India's steel use bucks global slump to rise 15% in first half

Infrastructure thrust drives consumption growth; steel production rises 13.6% in Hl

Govt appoints BCG to ready vision 2047 blueprint

The government has hired Boston Consulting Group (BCG) to help prepare the Vision 2047 document that will set India’s medium-term goals and priorities for becoming a developed economy in the next quarter of a century, two people aware of the development said.

FPI, retail outflows may extend stock market correction

Indian stocks extended their decline for a fifth straight session on sustained selling by foreign and retail direct investors amid rising bond yields in the US, the Israel-Hamas war, which is now threatening to engulf other countries, and rising crude prices. Market experts expect stocks to fall further.

Lower prices trigger fertilizer subsidy cut

Cabinet approves 22,303 cr fertilizer subsidy for winter crops

Meet Kishore Kumar Jena, India's other javelin star

Fresh off his high of winning silver at the Asian Games, Jena speaks to Mint about his extraordinary year

World Cup teams need to adapt tactics or perish

The World Cup's diverse venues are forcing teams to be adaptable in terms of tactics. This is why England is struggling and Afghanistan thriving

Amazon managers should not need face time for supervision

The company should reconsider its effort to force office attendance

Why the Israel-Palestine conflict is unlikely to end in our lifetime

Geopolitical interests are ranged against each other in such a way that the constituency for peace is left tragically powerless

The fast growth in non-housing personal loans ought to worry us

Explanations for the pace vary but any boom in credit-funded consumption should be a concern

Either repeal or revise the country's fiscal law

Instead of treating the FRBM Act's fiscal deficit cap as a quaint relic of times past, we must debate its basis. Post-covid times have been blurry, but clarity on policy constraints will help

How can we ensure the smooth transfer of property rights?

Intrinsically, there are two approaches to secure a smooth succession of immovable property in question to the intended beneficiary, your father.

IIHL cannot annul Esops of Reliance General: Law firm

IndusInd International Holdings Ltd (IIHL), the investment arm of Hinduja group, cannot do away with employee stock option (Esop) and incentive schemes of Reliance General Insurance Co., as part of its resolution plan for the parent firm, Reliance Capital, according to law firm Khaitan & Co.

Indians still prefer hotels over homestays

Travellers from tier-I cities are not only spending more on leisure trips but also travelling more compared with their counterparts in tier-II and -III cities, according to a report by global research, consulting, and mergers and acquisitions advisory, Videc.

Meja Urja to foray into floating solar space

Meja Urja Nigam Pvt. Ltd, a joint venture of NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam, is set to foray into floating solar projects, in line with the energy transition goals of its promoter NTPC, said Sunil Kumar, the chief executive of the Uttar Pradesh-based power generation company.

Scheduled airlines can now fly single-engine planes at night

Phase-wise approach to introducing night operations; move to help raise aircraft utilization

E-scooter makers woo buyers with discounts

Bajaj Auto, TVS, Hero, Ola, Ather line up cash discounts, bonuses

Secondary market ASBA pilot in Dec

The stock market regulator plans to run a pilot for an ASBA-like facility in the secondary market in December, under which money will be transferred only after the actual share transfer. Till then, the funds remain in the investor’s bank account, and continue to earn interest.

Mphasis investors choose to overlook near-term concerns

Shares of mid-cap technology company Mphasis Ltd have surged by 18% so far this fiscal year, outpacing the 7.5% rise in the sectoral Nifty IT index. This is despite its muted earnings performance over the last two quarters amid healthy deal wins.

'Acquisitions delayed due to macros'

Multiple acquisitions, which were a part of information technology (IT) services firm Happiest Minds’ initial revenue growth guidance for FY24, are now expected to be closed by the end of this fiscal or early next—leading to the firm revising its growth guidance for the year.

'Hexaware actively seeking mid-sized and large deals'

Amid the global economic crisis, Hexaware Technologies, a global IT services provider, is seeing substantial growth prospects.

Road consultants need to sign anti-corruption pacts

The government plans to make it mandatory for consultants working on road construction projects to enter into ‘integrity pacts’ in keeping with global best practices.

How highest bond yields in 16 years could chill hot US economy

Add surging interest rates to the list of threats staring down the U.S. economy.

Ascent of yuan in India's indirect trade with Russia

India’s trade with Russia in yuan is gathering pace as Russian exporters prefer being paid in the Chinese currency, two people close to the matter said. The trades are routed through global financial centres like Singapore and Dubai.

Goel resigns as Byju's CFO, will finish work on FY22 statement

Byju’s chief financial officer Ajay Goel, who was brought on board to improve the edtech’s financial compliance has quit in six months, in a jolt for the company that has attempted to streamline its finances. He will join Vedanta Ltd, his previous employer, on 30 October.