CATEGORIES

Mixed bag for spirits this year?

Smaller regional companies are poised to hog the limelight with faster growth than their larger counterparts

VW sees promise in an innovative EV battery technology

Volkswagen AG said its battery startup has seen promising results with solid-state cells for electric vehicles, a win for the German carmaker as it pushes to make EVs more efficient and less expensive.

Bajaj Auto shares hit a new record as co plans buyback

Board to discuss proposal on 8 Jan; buyback may be bigger than its previous one in July

Bengaluru court sends Dalal-Wipro case to arbitration

A Bengaluru city civil court on Wednesday asked Wipro Ltd and its former chief financial officer Jatin Dalal to resolve the issue of alleged violation of non-compete clause in the latter's employment contract before arbitration.

PE firm InvAscent keen to list five portfolio companies

Private equity firm InvAscent is preparing to list five portfolio companies across health and pharmaceuticals segments over the next 24-36 months, as the firms achieve scale, chairman and managing director Hari Buggana said in an interview.

Xiaomi evaluating local production of its tablets

The Indian unit of Chinese smartphone maker Xiaomi said it's evaluating local manufacturing of its tablets, as New Delhi seeks to curb imports of IT hardware products, and boost investment and entrepreneurship in the world's fifth-largest economy under its flagship Make in India initiative.

Vietnamese EV maker VinFast to set up battery plant in India

Vietnamese electric vehicle maker VinFast is set to open its first Indian manufacturing facility, where it will make batteries, in the southern state of Tamil Nadu, three people familiar with the matter said.

Disney Star to strengthen regional play

The Disney Star network is looking to strengthen its hold on the regional television space, as viewers emerge from the pandemic to demand quality content and are open to discovering new stories and characters that are close to reality.

Aviation industry aims for growth with sharp focus on supply in 2024

The year 2023 was a rollercoaster ride for the Indian aviation industry. If Go First going under was the most significant setback, the record number of domestic travellers taking to the skies was its biggest feat.

Mfg slows amid global challenges

While the Indian stock market scaled new peaks in December, activity in the manufacturing sector has W lost momentum.

Stocks, bonds suffer record new year drop

Traders hoping that a pan-markets rally would pick up year-end.

Are QSR firms bracing for another quarter of disappointment?

For investors in shares of quick service restaurant (QSR) companies, the menu looks rather insipid.

Nikesh Arora: Paycheck powerhouse

Nikesh Arora has repeatedly succeeded in winning big paychecks.

Amber picks 60% stake in Ascent Circuits

Amber Enterprises India Ltd, a homegrown a diversified B2B electronic manufacturing services provider, said on Wednesday that it has signed an agreement to acquire a 60% stake in Ascent Circuits Pvt. Ltd.

'Edelweiss aims to make alternatives a $1 billion biz'

Edelweiss Asset Management Ltd, the mutual fund arm of the Mumbai-based financial services provider Edelweiss Group, is foraying into private credit with plans to launch an investment vehicle, a couple of years after rolling out a private equity fund.

Indian exporters brace for price hikes

Indian exporters may have to continue bearing rising shipping costs as normalcy eludes the Red Sea region and freight companies continue to avoid the Suez Canal, opting for the longer route around Africa to reach the West.

Rajasthan govt wants to continue Congress health plan

The new BJP government in Rajasthan has sought the union health ministry's approval to integrate the previous administration's Chiranjeevi health insurance scheme with the Centre's Ayushman Bharat programme, two officials privy to the matter said.

'India should weigh lithiumion options for e-mobility'

Sood specifically mentioned sodium-ion and aluminium air batteries as alternatives to lithium

Tech stocks' AI hangover might just be getting started

One thing already seems certain about 2024: AI is going to need to start showing the money. Whether it can is a whole other question.

Nicobar shipping hub tender likely next month

The government plans to invite financial bids next month for the 18,000 crore first phase of international container transshipment terminal proposed to be built in Great Nicobar.

Divestment target for FY25 may be at least 20% lower

The government a divestment may set target for the coming fiscal year that is at least 20% lower than what was estimated for the current year, two people aware of the development said.

Dec manufacturing at 18-month low as output, orders cool

The pace of growth in India's manufacturing activity fell to an 18-month low in December as output growth and new orders softened, a private survey said on Wednesday.

Relief for Adani as SC lifts Hindenburg report cloud

No grounds for special investigation; Sebi to conclude its probe in three months

Vedanta's bond plan passes test, gets space to deleverage debt

Vedanta Resources, the London-based parent of India's Vedanta Ltd, has bought itself breathing room as it received investor consent on Wednesday to delay the maturity of a cumulative $3.2 billion of its outstanding corporate bonds.

After A 35% Box Office Jump In 2023, Bollywood Stares At Challenges

The Hindi film industry is likely to have recorded a 30-35% increase in total box office collections in 2023, signalling much better times than the two years after covid when neither star vehicles nor mid-budget cinema was finding acceptance.

Israel-Gaza War Claims 22,000 Lives, With No Let-Up In Fighting

Israeli forces attacked Khan Younis in the southern Gaza Strip with tank fire and air strikes on Tuesday, residents said, and Israeli ground troops and Hamas militants also battled in other parts of the shattered Palestinian enclave.

Ready, Reset, Go: Looking Ahead To Sport In 2024

Athletes are experts at hitting the reset button. Between points, during matches, through the ebbs and flow of the season, after injuries.

Report Says Musk's X Value Cut By Another Fidelity Write-Down

Elon Musk's X is now worth less than a third of the price the billionaire paid for the former Twitter Inc., according to Axios citing disclosures by Fidelity, which helped him complete the $44 billion purchase.

Watch out for a debt crisis that's emerging from the Global South

Multilateral institutions like the World Bank and others should act decisively before todays situation spirals out of control

Reverse India's trend of trade barriers going up

Global trade patterns are in flux but there's an optimist's case for us to lower import tariffs to sharpen domestic competitiveness. It will also support our global value chain ambitions