CATEGORIES

DLF builds on robust luxury home demand

Buoyed by a robust demand for its properties in the ongoing fiscal year, real estate developer DLF Ltd has raised the pre-sales bar higher for FY25. It has already surpassed its pre-sales (bookings) target of ₹13,000 crore for FY24 within nine months of the year by clocking ₹13,316 crore, helped by new launches.

Redcliffe to sell IVF unit, grow with less funds

IVF unit under Crysta brand has centres in Delhi, Pune and other cities

Water resources may get 10% more allocation in FY25

Ken-Betwa river linking project will be ready for implementation in the next two months

Valuation disquiet over Pai's Aakash move

Shareholders of Byju’s (Think & Learn Pvt. Ltd) and Aakash Education Services Ltd have raised objections to business tycoon Ranjan Pai’s proposal to convert debt to equity in Aakash, the group’s crown jewel, multiple people with knowledge of the developments said. Their primary concern: it would dilute the value of their stakes.

Digital consumer courts by March

India’s consumer protection body is moving the dispute redressal mechanism online at the national and state levels by March end, two officials aware of the matter said.

Health insurers may get a new regulator

The interim budget on 1 February may set the stage for a composite licence for life and general insurance, a separate regulator for health insurance and an increased digital push for the delivery and sale of insurance products, two people aware of the plans said.

Adani taps PEs, banks to raise up to $3 billion

Debt, equity raising in 4 months for airport, green hydrogen, solar plans

Is India's demographic dividend generation ready for the future?

ASER findings reveal a deficit of basic skills but digital adoption could enable a compensatory paradigm shift in education

A winter in Copernicus' Toruń

The walled Polish town, full of Gothic architecture and references to the astronomer, is ideal for a quiet holiday

Barbie's missing Oscar nod: Bias played a role

Does a clear Oscar tilt towards Oppenheimer' over Barbie' reveal a gravitas preference or gender bias? It's time to place Hollywood's big awards under the lens of republican ideals

Why senior citizens require deductibles in health plans

By opting for deductibles, they can bring down the cost of health insurance premiums

FAA halts Boeing 737 output, allows idle jets to fly

U.S. air-safety regulators on Wednesday put limits on Boeing's production of 737 MAX jets, but cleared the way for grounded jets to resume flying after airlines complete inspections.

What could bring Apple down?

Trustbusters, platform shifts and geopolitics could all hurt the iPhone maker, which will report its latest quarterly earnings next week

DLF buys Gurugram land for ₹825 crore

The JSW Group on Thursday announced its entry in defence manufacturing by acquiring a controlling stake in Gecko Motors Pvt. Ltd, an off-road vehicle company.

Titagarh Rail, Amber group form venture to enter train parts biz

Kolkata-based Titagarh Rail Systems (TRSL) and K Amber group of Delhi have joined hands to enter the railway component and subsystem business by jointly forming a special purpose vehicle (SPV).

JSW Steel beats estimates, Q3 net up 400% at ₹2,415cr

Increase in steel sales amid a rise capacity utilization contributed to the surge

Vedanta net profit down 7% in Q3 as finance costs surge

Company's net debt has gone up sharply, to ₹62,492 cr from ₹38,076 cr a year earlier

Tata Tech CEO sees muted end to FY24; bullish on next year

Tata Technologies on Thursday reported a 1.6% sequential growth in its rupee revenue to 1,289.5 crore in the quarter ended December, while net profit rose 6.1% to 170.2 crore. In dollar terms, the revenue increased 0.9% sequentially to $154.8 million, while its earnings before interest and taxes (ebit) margin rose to 16.2%.

'Need to cut losses in Europe'

Tata Steel never had to support Dutch unit, except in the last quarter. Meanwhile, UK operation is still struggling

Bank Nifty rollovers surge

Investors and traders rolled over the highest number of outstanding bets on Bank Nifty futures in 10 months, indicating that heavy bearish bets have been rolled over to the February series ahead of the interim budget, as the Bank Nifty has fallen 7.5% to 44866.15 from the December to January expiry.

A slippery road awaits Bajaj, TVS

Investors have reacted quite in opposite directions to the December-quarter (Q3FY24) results of Bajaj Auto Ltd and TVS Motor Co.Ltd. On Thursday, while shares of Bajaj Auto gained by over 5%, those of TVS Motor fell by 3%. Bajaj's Q3 results were a step ahead of analysts' estimates, while TVS Motor fell short, albeit only slightly.

Swiggy, Flipkart to trim workforce ahead of IPOS

IPO-bound startups Swiggy and Flipkart are expected to lay off employees over the next few months, a move likely to impact around 1,400 executives across both the companies, two people aware of the matter told Mint, asking to remain anonymous.

Ola mobility biz turns profitable, hires CEO

The mobility business posted adjusted Ebitda of about 250 cr in FY23

Indian investments key target of Australian minerals reforms

The state of Western Australia has introduced a series of reforms aimed at attracting investments in minerals and resources, including from India.

Coal imports for power to end by FY26

The coal ministry will request imported-coal based (ICB) power plants to make changes to their technologies and design so that they can use domestic coal, said the Union minister for coal Pralhad Joshi.

'Govt to strengthen agriculture and manufacturing'

The Centre plans to focus on strengthening agriculture and manufacturing sectors to stimulate the economy, finance minister Nirmala Sitharaman said on Thursday.

General insurance be recapitalized cos could in FY25

The recapitalization is to prepare them for listing and privatization in the coming fiscal year

SEC wants SPAC mania to remain dead

The speculative bonanza in special-purpose acquisition companies, better known as SPACs, appears to be dead. Gary Gensler wants to make sure it doesn't come back to life.

Lenders push for Byju's insolvency

Overseas lenders of online tutor Byju's have filed an insolvency petition against its parent company Think & Learn Pvt. Ltd in Bengaluru to recover a $1.2 billion loan, in an ignominious turn for the company that was once India's most-valued startup.

Canada cracks whip, students eye options

Canada's decision to cap the number of internaс Cthe tional students this year and introduce stricter work visa rules will force students from India to opt for other countries. Counselling centres said even a year ago, half of their customers wanted admissions and immigration to Canada, but are now asking for other countries.