CATEGORIES

JSW readies for CBAM era with 4 mt green steel unit

JSW Steel Ltd, India's second-largest maker of the alloy, plans to establish a green steel manufacturing facility by 2030 as part of its response to the European Union's (EU's) Carbon Border Adjustment Mechanism (CBAM), said Jayant Acharya, joint managing director and chief executive.

Bright outlook for India despite global challenges, says FinMin

India's economic outlook remains bright thanks to strong fundamentals, higher private consumption and increased investment demand, the finance ministry said, while pointing to the risks from higher crude prices due to the war in West Asia, a flood of US treasury bonds, and the US monetary policy squeeze.

Gold seizures in poll-bound states rattle industry

India's gold trade is staring at a potential loss of ₹6,000 crore this festival season as authorities clamp down on transport of the precious metal in poll-bound states, an industry official said.

...But IPOs around Diwali hold out a tale of hope

More than half a dozen companies aim to raise as much as ₹6,000 crore via initial public offerings (IPOs) in the run-up to Diwali and the weeks following the festival, leveraging the current market liquidity and investor enthusiasm.

Stocks plunge on US bond yields surge, escalating Israel conflict

Jittery retail, affluent investors trigger sell-off in small- and mid-cap stocks, eroding ₹7.5 tn in wealth

The benefits of having pets at the workplace

Some offices in India that have adopted pet-friendly policies have seen how it has helped employee growth and happiness

One cannot count on waking up early to achieve success in life

Deterministic assertions may attract us, but, as with equity returns, it's complex probabilities that determine real outcomes

A Damocles sword hangs above laptop importers

India's government has softened its policy on imports, opting for a calibrated strategy to get laptops made locally. As it still risks pushing up our cost base, we need to track local prices

India sends relief material, medical aid for Palestinians

38.5 tonnes of humanitarian aid flown to Egypt's Sinai region for civilians at Gaza

US beefs up Mideast military assets as Israel ups offensive

US says it will strengthen its defence posture in region following recent escalations by Iran and its proxy forces'

South Korea, US, Japan hold first trilateral aerial exercise

The South Korean, US and Japanese militaries conducted their first-ever trilateral aerial exercise on Sunday in response to evolving North Korean nuclear threats, South Korea's air force said.

China, Philippines trade blame over South China Sea collision

China and the Philippines traded accusations over a collision in disputed waters of the South China Sea as Chinese vessels blocked Philippine boats supplying forces there on Sunday in the latest of a series of maritime confrontations.

'Disney+ Hotstar is here to serve many Indias, not one'

Streaming app to focus equally on original web content, and sports events like Wimbledon

China tax authority checks on Foxconn

Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, according to local reports Sunday.

Kotak Mahindra Bank stock may open higher on CEO approval

Analysts expect the shares of Kotak Mahindra Bank Ltd to open higher on Monday, potentially outperforming benchmark indices, driven by the banking regulator's approval of the managing director and chief executive candidate and quarterly earnings that met analysts' expectations.

Festive buying spree cheers luxury brands

Luxury goods demand is also emerging from cities beyond the top metros

Coforge to spin off public sector as separate vertical

Coforge, the mid-sized IT services company which is achieved over $1 billion in annual revenue in the last quarter of FY23, is planning to spin off a standalone public sector division by the year-end. The sector's resilience is a catalyst for this strategic focus on establishing a separate public sector entity, Sudhir Singh, the chief executive, said in an interview.

Akasa Air eyes IPO by end of decade, 76 planes by 2027

India's newest airline Akasa Air, which is set to soon fly on international routes and will be placing a three-digit aircraft order, plans to list on the bourses by the end of the decade, its chief executive officer Vinay Dube told PTI.

Tech services firms plough through a fiscal to forget

Cautious clients have cut down discretionary projects, a key profit-driver of Indian IT firms

SME IPOs thrive in 2023 as super-rich, family offices scoop up shares

Strong participation of family offices as well as high-net-worth individuals (HNIS), adequate market liquidity, and optimistic investor sentiment have amplified interest in small and medium enterprise (SME) IPOs, with 139 such firms garnering ₹3,540 crore through initial share sales in 2023 so far.

UltraTech requires more than volumes

Investors in UltraTech Cement Ltd's shares need two things to go hand-in-hand: volumes and price realizations. The company's capacity expansion plans seem to be on track, but hopes of cement prices staying high consistently could get dashed.

Best days behind for ITC stock?

The era of ITC Ltd stock's spectacular run may be nearing an end. So far in 2023, the shares gained 32%, after having risen as much as 52% in 2022. Yes, the stability in taxes and clampdown on illicit trade by enforcement agencies is aiding volumes in ITC's mainstay cigarettes business.

InCred wraps up fundraising for first pvt credit vehicle

InCred Alternative Investments Pvt. Ltd, which marked the first close of its maiden private credit fund in November 2022, has hit the final close, a top executive said.

Funding grows but M&As hit

Private equity and venture capital deals continued to rise, though last week saw only a slight jump in terms of deal value as compared to the week before.

Birla Tyres to become Himadri's subsidiary after ₹347 crore deal

Co says it will make the bulk of payment in the joint resolution plan with Dalmia Bharat Refractories

British rice industry fears trade pact with India will destroy local mills

A £1 billion ($1.2 billion) corner of the UK economy is fearing for its future as Britain and India close in on a long-awaited free-trade agreement.

'India, UAE can broaden economic ties'

India and the United Arab Emirates are looking to identify and incorporate commodities to diversify trade between the two countries, UAE ambassador to India Abdulnasser Alshaali said in an interview.

Govt plans ₹30,000 cr push to expand crop cover portal

Aim to include ponds, tractors, livestock and palm trees to make it a comprehensive platform

How sneaker maker Nike fell behind in the innovation race

Nike made a swift comeback earlier this month in the super-shoe fight when marathon runner Kelvin Kiptum set a world record while wearing a new iteration of the company's Alphafly 3. But the sneaker maker is losing steam in other races.

Odds are stacked against engineering Class of 2024

The Bengaluru twins Infosys Ltd and Wipro Ltd, which together hired 208,000 engineering graduates in the past three years, have said they don't plan to go to the campuses this year.