CATEGORIES

Pre-pack rescues stall over fear of voluntary haircuts

Only four companies have been through the PPIRP route since its introduction in 2021

'Japanese companies hope for policy stability in India'

Abrupt policy changes pose difficulties in doing business, and Japanese firms are looking for policy stability in India, Takuro Horikoshi, the chairman and managing director of Sumitomo Corp. India Pvt. Ltd, said, in the backdrop of India restricting laptop and tablets recently.

Ex-SoftBank executive sets up stablecoin to dodge inflation

Akshay Naheta, a former SoftBank Group Corp. executive who steered some of the firm's biggest deals, is launching a new company in Abu Dhabi focusing on stablecoin technology.

US tech cos to rally on results: Goldman

US technology stocks may be about to turn a corner after the Nasdaq 100's biggest monthly decline this year, according to strategists at Goldman Sachs Group Inc.

Sep quarter may make barely a ripple for IT

If you are looking for fireworks in the September quarter earnings (Q2FY24), then don't look at the information technology (IT) sector. The narrative for the second quarter (Q2) has not changed much versus the recent quarters. Technology companies are poised to clock muted revenue growth despite a robust deal pipeline. Slowerthan-anticipated ramp-up or conversions of existing deals would cap a sharp revival in revenues in the near future.

Poor monsoon clouds sugar, rice horizon

India recorded the weakest monsoon rains in five years, increasing the risk to crops and raising the chances of longer curbs on exports of farm commodities such as sugar, rice and wheat.

'Focus on implementing G20 declaration'

A virtual meeting of G20 heads of state in November will focus on implementing the Delhi declaration and proposals from a three-day meeting of the group's finance ministers and central bank governors this month in Morocco, G20 sherpa Amitabh Kant said in an interview.

Oil firms struggle for rigs as crude spike sparks shortage

Companies world over try to cash in on higher crude prices, leading to an acute scarcity

Air India eyes hub in south, to augment ops in Mumbai

Air India Ltd is planning its second hub in the à country at an airport in south India as it works to strengthen international and domestic operations and maximize network utilization, two executives aware of the plans said. Currently, the airline's only hub in India is in New Delhi.

Nobel in medicine goes to mRNA covid vaccine researchers

Katalin Kariko and Drew Weissman won the . Nobel Prize in Physiology or Medicine on Monday for work on messenger RNA (mRNA) technology that paved the way for groundbreaking covid-19 vaccines.

VIP Inds promoters explore stake sale

The transaction, including an open offer, could be worth $1 bn

A selective OTT ban will impose too heavy a cost on the country

Such a mechanism proposed by TRAI will be hard to implement and potentially violative of Constitutional rights as well

How this IT couple tackled a crisis on their path to financial security

Bengaluru-based family sought the help of a registered investment advisor to close in on its financial goals

US averts shutdown of govt with funding bill

This buys both the parties time to negotiate longer-term federal funding

Govt to finalize model for SCL modernization by year-end

A call will be taken on which direction SCL will go, either R&D fab or a commercial fab

Novo, Torrent may widen tie-up

Talks have started at a time Novo Nordisk is looking to launch its weight-loss drug Wegovy in India by 2026

'Prime Video invests heavily in original content in India'

India is one of the top markets worldwide for Amazon’s video streaming service Prime Video, and among the two markets where it disproportionately invests in local content, said Kelly Day, vice-president of international business at the company

'No need for India listing; will sustain growth momentum'

Digital travel agency MakeMyTrip, which competes with Mumbai-listed peers EaseMyTrip and Yatra, had made its debut on the Nasdaq in the US back in 2010

When World Cup brings a windfall

After twelve years, the cricket world cup tournament is returning to India

Accenture results leave IT investors between hope and despair

Accenture's revenue for the quarter ending August (Q4FY23), deal bookings and FY24 revenue growth guidance point to a long recovery path for the Indian information technology (IT) sector

IBC's resolution capacity has increased, but more needed'

The debt resolution capacity under Insolvency and Bankruptcy Code (IBC) should be stepped up by more than three fold to handle about 1,000 cases a year, said a senior government official

Inclusion of 65+ age in JE vax trial urged

A top government panel has recommended that Bharat Biotech Ltd conduct phase-3 trials of its Japanese encephalitis vaccine for people aged 65 and above, as the disease emerges as a key concern in India

'Canada's charges against India had poor credibility at UNGA'

The credibility of the Canadian government’s allegations made regarding India’s involvement in the killing of a pro-Khalistan leader remains poor, said US India Strategic Partnership Forum (USISPF) CEO Mukesh Aghi. Aghi, who was at the UN General Assembly session, said the noise around Canada’s allegations had largely died down

'GST order on online gaming hits one nation, one tax spirit'

'Unprecedented' for Centre to notify CGST changes before states could adopt tax rate: Experts

Streaming's small fish stay clear of original content rat race

While top video streaming operators invest heavily in creating original content, several smaller ones, both subscription video-on-demand operators such as Crunchyroll and MUBI and pay-per-view services like BookMyShow Stream, are pursuing a conservative approach, securing content only from third-party sources

ONGC may invest $20 bn to set up 2 petchem plants

Oil & Natural Gas Corp. Ltd (ONGC) is considering investing around $20 billion to set up two petrochemical projects in India, either independently or in partnerships with other companies, chairman and chief executive officer Arun Kumar Singh said

RBI may keep repo rate unchanged for 4th time

The Reserve Bank of India (RBI) is likely to maintain its monetary policy rates and stance for the fourth time in a row this week, economists polled by Mint said, amid elevated retail inflation and a hawkish US Federal Reserve

MEIL in talks to assemble BYD's EVs in India as JV plan sputters

Megha Engineering and Infrastructures Ltd (MEIL) is in talks to assemble the Atto 3 and e6 electric cars from China’s BYD Auto Co. Ltd in India, two people aware of the development said, at a time its $1 billion investment plan with the electric vehicle (EV) giant has stalled

GST collection hits ₹1.62 trillion in Sep

Central and state governments collected ₹1.62 trillion in goods and services tax (GST) in September, marking the fourth highest monthly collection since the inception of the indirect tax regime and a 10% annual growth from the year-ago period

Festive spirit drives record Sep car sales

Maruti, Hyundai, Mahindra report highest-ever monthly sales