CATEGORIES

US launches first moon mission in more than 50 yrs

The first US lunar lander in more than 50 years rocketed toward the moon on Monday, launching private companies on a space race to make deliveries for NASA and other customers.

Israel shifts to deadlier strikes on Syria targets

Raids on trucks, infra, people involved in Iran’s weapons supply to proxies

Bilkis Bano case: SC quashes Gujarat govt's remission order

All ll convicts were granted remission by the Gujarat govt and released on 15 Aug 2022

Winter products in the December face setback quarter

Delayed onset of winters impacted stocking and sale of products such as immunity boosters, creams, lotions, and warm clothing in December quarter. However, companies reported a pick up in sales in the end of December and early week of January.

Post-covid, OTT firms script a cut in marketing spends

Platforms slash marketing budgets by up to 40% over the past year, rationalize content costs

Adani's ACC acquires full stake in ACCPL

ACC Ltd, a subsidiary of Adani-owned Ambuja Cement Ltd, on Monday said it has acquired the remaining 55% stake in Asian Concretes and Cements Private Ltd (ACCPL) for $425.96 crore.

Maldives in holiday churn

Industry estimates put the number of hotel bookings cancelled at 8,000 over just two days. More could follow

Hope for cost cuts in Budget: Vistara CEO

The airline industry expects the government to announce measures that improve the operating climate for airline companies in India through measures that reduce cost of operations for the airline, Vistara CEO Vinod Kannan said Monday.

RBI's loan curbs begin to hurt bank stocks; to remain under pressure

Banking stocks are likely to face increased pressure in coming sessions, as Monday's decline, precipitated by direct retail selling, was accompanied by a rise in short positions created by domestic institutions and foreign investors closing out their positions in index futures like Bank Nifty, NSE data showed.

Adani Green Energy secures redemption of $750 mn bonds

A dani Green Energy on Monday announced a plan to ensure redemption of its $750 million bonds eight months ahead of their maturity, in an effort to boost investor confidence in the company's financial health.

Indian stocks get first ETF in Gulf region

Gulfinvestors are poised to get their first regional exchangetraded fund tracking Indian equities. Lunate Capital LLC is launching the Chimera S&P India Shariah ETF, replicating the performance of the S&P India Shariah Liquid 35/20 Capped Index.

Currency headwinds to undermine GCPL's show in Dec quarter

Shares of Godrej Consumer Products Ltd (GCPL) hit a new 52-week high of 1,230 apiece on Friday before the company released its prequarter update for the three months ended December (Q3FY24).

IT cos may see little respite in Q3

The Nifty IT index closed 2023 with a creditable 24% gain, helped in particular by a strong momentum in December after the US Federal Reserve hinted at three potential rate cuts over the course of 2024.

Binny Bansal invests in Amaya Growth fund

Billionaire Binny Bansal, who co-founded ecommerce firm Flipkart, has made an investment in Amaya Growth Fund, sponsored by investment banker Amit Khanna's family office Amaya Ventures.

Good Glamm eyes funding of $60 mn

Good Glamm Group, the direct-to-consumer (D2C) beauty and personal care conglomerate, is planning to raise its Series E round of funding, in what will be mostly utilized by the firm as growth capital, at least two people aware of the development told VCCircle.

Data breaches to spur cybersecurity funding

Cyber attacks can cause substantial financial losses for organizations

Vibrant Gujarat summit set to break many records this year

The upcoming Vibrant Gujarat summit, starting on Wednesday, is expected to break its 2019 record for the number of Memorandums of Understanding (MoU) signed, according to Rahul Gupta, vice chairman and managing director of the Gujarat Industries Development Corp. That number stands at 28,360.

Thali costs fall as festival season closes

The cost of home-cooked vegetarian and non-vegetarian thalis (plates) fell sequentially in December, as demand waned following the end of the festival season.

₹45,000 cr investment to develop river cruise tourism

The ministry of ports, shipping, and waterways has announced a ₹45,000 crore investment to develop river cruise tourism, aiming to leverage India's inland waterways for economic growth.

SC to hear landmark online gaming tax case in 2 months

Tussle between tax authorities and online gaming firms over tax demands of nearly 21.5 tn

ONGC starts crude production at its KG Basin block

State-run Oil and Natural Gas Corporation (ONGC) on Monday said its deepwater block in the Krishna-Godavari basin off the coast of Bay of Bengal has started producing oil, a development that is expected to boost India's quest for energy self-sufficiency.

IPO bounty for top execs at Firstcry, Ola Electric

Top leaders of Ola Electric and Firstcry stand to make a windfall in their companies' upcoming public listing, an analysis of their draft red herring prospectus (DRHP) by Mint showed.

Funds investing in Gift City may enjoy special carve-out

Mutual funds may get to invest in companies traded in Gujarat's Gift City exchanges beyond the normal cap that applies for their overseas investments. The move comes at a time the government is opening up the special economic zone for direct listing of Indian firms.

Food subsidy may top ₹2.2 tn in FY25

The coming budget may see a rise in allocation by 10% on-year

Aditya Birla Cap preps digital, payments push

The company will launch an app to directly source clients for its services

The Empowerment Of Women Is Set To Strengthen Our Democracy

The participation of women in electoral exercises has risen impressively and could outstrip that of men within this decade

Should I Withdraw My PF Account Corpus?

I left my job recently after working there for five years and two months.

Apple Is Smartwatches King, But Reign Is Tough

In December, Apple was briefly banned from selling its two most recent watch models-Series 9 and Ultra 2-in the US, due to an ongoing patent dispute with Masimo, a medical device maker.

Look beyond monetary measures to track deprivation

The International Economic Association (IEA) conclave of 2023, a mecca for economists from all over the globe who meet once in three years, acknowledged last year as a difficult one, given how many mainstream assessments of a global recession and inflation went wrong.

Harvard is serving as a model to attack corporate DEI plans

Diversity, equity and inclusion: The idea goes beyond social justice