CATEGORIES

The Balkans: born from the fires of war

The countries in the region offer a peek into the horrors of war, and the craving for peace

Govt effort on to curb vector-borne diseases

Union health ministry sounds alarm after record rainfall in North India

Volume gain, price pain ahead for cement companies

All-India cement prices per 50-kg bag averaged ₹355, lower than ₹358 in previous quarter and ₹365 a year ago

Goods exports, imports fall over 20% as demand cools

Trade deficit shrinks to $20.13 billion in June against $22.07 billion a year earlier

Wipro scanner on contract staffing after TCS scandal

The IT sector is one of the largest recruiters from engineering colleges but may slash campus hiring by 40%

BYD, Megha Engg to form EV venture

China's BYD Co has submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters.

Sensex ends above 66K as tech stocks lead rally

Nifty too hits new record at close; positive US data aids confidence

Aspartame 'possible carcinogen' but safe at present level: WHO

Scientists with no links to the WHO reviews said the evidence that aspartame caused cancer was weak

Maharashtra gives its nod to Adani's Dharavi project

The Maharashtra government has approved the Adani group’s proposal to rehabilitate residents of Mumbai’s 590-acre Dharavi locality, home to over 900,000 Indians, almost eight months after the conglomerate won a tender to develop India’s largest slum.

Taxman eyes biometrics, special devices to check GST regn fraud

Biometric authentication is set to replace one-time passwords (OTPs) in GST registration as the government attempts to prevent the use of stolen and fake identities, a top tax official said.

Isro launches Chandrayaan-3

The Indian Space Research Organisation (Isro) on Friday successfully deployed Chandrayaan-3, India’s third mission to the moon, in orbit. The mission comes four years after the Chandrayaan-2, the second mission, failed to make a soft landing on the Moon.

Puree, paste demand up

Companies selling more speciality products such as pizza sauces are feeling the impact of the shortage and price hikes

Govt taps farmers as tomato prices soar

Tomato supply at discounted rates to help moderate prices

Bollywood sings the royalty blues

Hindi film composers, singers and lyricists have agitated for decades for royalties on their own music. Though there are still plenty of hurdles, a recent historic judgement may have them singing a happier tune

Akasa Air Is A Long-Term Bet For Jhunjhunwala Family: CEO

Akasa Air is a long-term investment for Rare Enterprises and the Rakesh Jhunjhunwala family, the airline's founder and chief executive officer Vinay Dube said, pointing to the lengthy investment horizons of the late legendary investor.

Delhi Reels As Yamuna Swells; North India Fights Rain Chaos

Delhi's situation may get worse with more water released from Hathnikund

Piper Serica raises ₹160 crore

Piper Serica Advisors Pvt. Ltd has marked the final close of its maiden angel fund after overshooting the greenshoe option thanks to high investor interest, its founder said.

SaaS startup Zluri raises $20 mn from Lightspeed Venture, others

Software-as-a-service (SaaS) startup Zluri on Thursday said it has raised $20 million (₹164 crore) as a part of its Series B funding round led by Silicon Valley-based Lightspeed Venture Partners.

Blinken, Wang start talks aimed at easing tensions

US Secretary of State Antony Blinken and China's top foreign policy official, Wang Yi, have started their second round of talks in a month, as the two largest economies ramp up high-level dialog to stabilize ties.

Disney seeks strategic partner for ESPN

Walt Disney will likely seek a strategic partner in its ESPN sports business, but is considering selling off other traditional TV assets, Chief Executive Robert Iger said.

Pakistan gets final IMF okay for $3 bn bailout

The move allows for an immediate disbursement of about $1.2 billion

Big traders exit gaming stock Delta Corp as GST rates rise

Six out of the seven clients holding large derivatives positions in Delta Corp., a gaming and casino company, closed their positions following the 11 July Goods and Services Tax (GST) Council meeting. The stock, which plunged 23% after the council decided to raise GST rates on gaming and casinos from 18% to 28%, prompted these clients to take immediate action.

Will advise on governance, structure at Byju's: Kumar

Rajnish Kumar, former chairman of State Bank of India, has been on several rescue missions during his professional career as a banker and even after retirement. The rescue of Yes Bank is a notable example, and so is the attempt to save Jet Airways. Kumar's recent effort to steer BharatPe is still a work in progress. On Thursday, edtech major Byju's appointed him and Mohandas Pai, the former CFO of Infosys, to its newly formed advisory council, in a confidence-building initiative scripted by Byju Raveendran and wife, Divya Gokulnath. Edited excerpts of an interview with Kumar:

EQT Asia Fund plans to invest more than $3 billion in India

Swedish investment house EQT AB will deploy about $3.4 billion in India through its Asia private equity arm as it steps up deal making in the country.

HCL Tech to buy German firm ASAP for $280 million

HCL Technologies Ltd is acquiring a German automotive engineering services company for an enterprise value of about €251 million ($280 million) to push beyond IT consultancy into expertize in self-driving vehicles.

CarDekho group revenue up; share of used car biz declines

Benefits of diversifying into insurance, lending businesses show up in FY23 financials

India looks to resume operations at stalled hydrocarbon block in Iraq

At a time when Iraq has emerged as a major supplier of crude oil to India, the Centre is looking at resuming operations of state-run ONGC Videsh Ltd's (OVL) hydrocarbon exploration block in Iraq, which has been under force majeure since 2003, said two people with knowledge of the development.

Falling oil prices may not ease inflation

Falling crude oil prices, on the back of concerns over a global slowdown and recession, are unlikely to bring down domestic inflation sharply, as the benefits of the drop are yet to be passed on to retail customers, said economists.

Sebi to set up a panel to suggest changes to SCRA

The Securities and Exchange Board of India (Sebi) plans to form an expert committee to suggest changes to the 67-year-old Securities Contract Regulation Act (SCRA), two people with direct knowledge of the matter said.

Byju's taps Mohandas Pai, Rajnish Kumar for board advisory council

Edtech giant Byju's on Thursday named former State Bank of India chairman Rajnish Kumar and former Infosys chief financial officer T.V. Mohandas Pai to a newly formed council to advise its board.