CATEGORIES

JSW, SAIL in talks to import coking coal

JSW Steel and state-run Steel Authority of India (SAIL) are in talks with Mongolian authorities to import two shipments of coking coal, two people with direct knowledge of the matter said.

Siemens net up 45% to ₹775 cr in Jul-Sep

Siemens on Tuesday posted a 45% jump in its net profit to ₹775 crore in the July-September quarter compared to the year-ago period on higher revenues.

First gen entrepreneur, Essar co-founder Shashi Ruia dies

Ruia and his brother turned a small construction business into an infra conglomerate

MTM valuation for repo transactions

Markets regulator Sebi on Tuesday decided to introduce new valuation metrics for repurchase or repo transactions by mutual funds, whereby securities used in such transactions will be valued on a mark-to-market (MTM) basis.

Vedanta Resources raises $800 mn

UK-based Vedanta Resources, the parent of India's Vedanta, has raised $800 million from global investors through a new bond issue.

M&M unveils first new electric SUVs

Mahindra & Mahindra (M&M) on Tuesday announced the launch of its first ground-up electric sport utility vehicles (SUVs), the BE 6e and XEV 9e, priced at ₹18.9 lakh and ₹21.9 lakh (ex-showroom), respectively.

More than 270 mn 5G subs by '24-end

India is poised to become a 5G powerhouse in the coming years, with projections indicating that 5G subscriptions will exceed 270 million by the end of 2024, according to the latest Ericsson Mobility Report.

Angel One's AMC gets nod for MF biz

Fintech player Angel One on Tuesday said its subsidiary Angel One Asset Management Co. has received markets regulator Sebi's approval to begin mutual fund operations.

Walmart to reverse course on diversity, equality initiatives

Walmart Inc. is reversing course on diversity, equity, and inclusion initiatives, joining a growing list of businesses retreating on DEI programmes targeted by conservative activists.

PC mkt sees highest quarterly supply

PC supplies in the Indian market increased marginally in the July-September period to 4.49 million units, which is the highest ever in a quarter, market research firm International Data Corporation (IDC) said in a report on Tuesday.

Trump pledges tariffs on Mexico, Canada and China

President-elect's plans come after tough economic rhetoric on the campaign trail

Elon Musk buying MSNBC? A difficult feat, because it isn't for sale

Can Elon Musk make a run at acquiring MSNBC? It would be a steep climb. One big reason: it isn't for sale.

Disney settles suit over women's pay for $43 million

Some 9,000 current and former female employees of the entertainment giant eventually joined the suit

Buffett donates $1 bn. He has estate-planning advice for everyone.

Buffett's huge position in Berkshire means a rapid selling of his stock could jolt the share price

ASCI flags violations in Maharashtra realty ads

The advertising watchdog's scrutiny has led to penalties of about ₹90 lakh

ShareChat operator to rev up algorithm

Homegrown social media unicorn Mohalla Tech, which operates ShareChat and short video platform Moj, will increase investments in improving its algorithms to suggest more accurate and personalized content, as it seeks to bolster user retention, a top company official said on Tuesday.

Streambox launches subscription-based TV

Dor aims to redefine home entertainment by offering high-quality, 4K QLED TV bundled with streaming apps

HC stays Seci order barring Reliance Power from bids

State-run firm barred Anil Ambani company for allegedly submitting fake bank guarantee

Wipro tasks insider to revive fortunes in its No. 2 market

Nisal, who is based out of London, will take over the role immediately, reporting to CEO and MD Pallia

LIC, others oppose Goenka as Zee MD

Norges, the world's largest sovereign wealth fund, which owns 3.96% in Zee, okayed Goenka's reappointment

Outlook on Adani firms cut

Moody's cuts outlook on seven Adani companies; Fitch flags Adani bonds for possible downgrades

US DFC's $500 mn loan to Adani group for Lanka port is pending

Colombo West International Terminal aims to counter Chinese influence in Sri Lanka, boost the local economy

Bank guarantee waiver set to ease Vi's debt burden

Vi has put in place a ₹55,000 crore capex plan to upgrade its 4G network and launch 5G over next three years

Delhivery gradually finds its feet amid rising competition

Delhivery Ltd's shares are hovering near 52-week lows of ₹325.50 apiece seen on 18 November. Investor sentiment is subdued given the uninspiring September quarter (Q2FY25) results amid rapid growth in quick commerce and stiff competition in e-commerce.

Cement cos need price hikes

DEMAND WOES IN Oct and Nov, cement demand wasn't as robust due to labour shortage in the festive season DEMAND-supply mismatch could cap the sector's utilization below 70%

IPOs to get bigger even after size has doubled in 2024

Initial public offerings in India are getting bigger, with their average size increasing to almost ₹2,000 crore so far in 2024, more than doubling from the average in 2023, said S. Ramesh, managing director and CEO of Kotak Investment Banking.

PPFAS holds cash in 'overvalued' mkt

Indian equities are overvalued as earnings grow slower than expected and a relentless supply of shares from large initial public offerings and stake sales by promoters soak up liquidity, according to Rajeev Thakkar, chief investment officer at PPFAS Mutual Fund.

Government to revamp IFCI

The revamp follows a tripling of infrastructure spending in five years to ₹11.11 trillion for 2024-25

StanChart front-runner to be GIFT dollar settlement bank

Standard Chartered Plc has emerged as the front-runner to become the settlement bank for real-time dollar-denominated trades in India's newest financial hub, according to people familiar with the matter.

Microfinance self-regulator expects stress to stabilize by Jan

The Microfinance Institutions Network (MFIN), the self-regulatory organization for the sector, expects the current bad loan stress that microlenders face to stabilize by January next year with new rules in place.