CATEGORIES

Palestinians battle to survive amid attacks

Israel battled Hamas militants in the Gaza Strip's biggest cities on Thursday and said it had attacked dozens of targets, leaving Palestinians struggling to survive in a situation the United Nations described as \"apocalyptic\".

Gaza: UN chief demands truce

Antonio Guterres invokes Article 99 of UN Charter, warns UN Security Council of humanitarian catastrophe

Vivo used shell companies to send ₹1 trillion out of India: ED

Probe finds Vivo incorporated 19 more firms in various cities after its 2014 India entry

Mahindra Fin wants to grow via partnerships

CEO designate says firm will focus on diversified financial services business

Deepening financial crunch takes a toll on SpiceJet's ops

SpiceJet is currently operating only 60% of its fleet, which in numbers is about 40 aircraft

EV retail sales grow 25.5% in November

Electric vehicle total retail sales, including passenger and commercial vehicles, grew 25.5% to 152,606 units in November, according to data released by the Federation of Automobile Dealers Association (Fada) on Thursday.

SAT overturns Sebi's new client ban on IIFL

Tribunal also reduces penalty to ₹20 lakh from ₹1 crore imposed earlier

Banks ask fintech partners to curtail small personal loans

Top Indian banks and non-bank lenders have asked their fintech partners to curtail issuing tiny personal loans, three banking and one industry person with knowledge on the matter said on Thursday, weeks after the central bank clamped down on the fast-growing business.

Indian firms' ₹ bond issuance peaks in '23

Indian firms have raised a record amount from rupee bond markets this year, with large-sized issues in recent months driving such borrowings.

Thermal triumph: Why relying solely on renewables won't cut it

With the surge in demand for electricity, India may need to look at an energy mix to sustain its economic growth rather than just relying on renewables. As the pace of hydro and nuclear expansion is slow, additional coal-based thermal capacity is crucial to meet India's energy needs.

Big risk as Paytm trims small loans

Small is no longer beautiful for One97 Communications Ltd, which owns the brand Paytm. The mobile payments and financial services distribution company has decided to reduce the disbursement of sub-₹50,000 small-ticket loans.

OfBusiness on road to raise pre-IPO funding

Co may raise up to $200 mn; it raised $325 mn in its last round in Dec 2021

E-way bills drop 12.5% in Nov

Experts said that the sharp month-on-month drop in e-way bill generation was not unexpected

India urged to set up $10 bn fund for chip designing labs

The move can boost chip manufacturing in the country, says ISM advisory panel member

Govt allows non-basmati rice exports to 5 African countries

The government on Thursday allowed the export of essential food items to five African nations overriding an existing ban. The export curbs on food grains such as rice and wheat have affected food availability in strategic partner countries.

The big, fat Indian wedding gets bigger

A glitzy upper-crust wedding this week at a sprawling Delhi farmhouse–one of about 400,000 taking place in the capital this matrimonial season–is being attended by the who’s who in the city. The ceremonies, involving two business families, one in construction and the other in, let’s say, consumer goods, will include a cocktail party at Delhi’s Roseate Hotel before the wedding.

G7 move rattles diamond sector

The Group of 7 nations’ plan to ban imports of polished diamonds made from Russian rough stones from March as part of measures against the country’s invasion on Ukraine has left Indian diamantaires on shaky ground.

Outplacement firms rake it in on job cuts

Outplacement firms charge a fee to the client, which can range from ₹40,000 to a couple of lakhs per candidate

Mint AI Summit: Tracking a revolution

The hundreds of millions of dollars poured into artificial intelligence over the decades have started paying massive dividends, with adoption of AI more than doubling over the past 5 years. But now, AI itself is being transformed by generative AI.

Bain, KKR, Advent circle Sai Life for controlling stake

Global private equity funds, including Bain Capital, KKR, and Advent International, are in talks for a controlling stake in Sai Life Sciences at a valuation of $600-700 million, three people aware of the development said. Sai Life Sciences (SLS) is a Hyderabad-based pharmaceutical contract research and development, and manufacturing (CRDMO) firm.

India has scored on growth, welfare: FM

'Govt's focus on poor, farmers, women, youth showing results'

What's A Realty Fund Worth? That Depends On The Math

At some real estate funds, the familiar term 'net asset value' can mean different things

Sebi Notices To FPIs In Hindenburg Saga

FPIS in Adani firms did not maintain, disclose ownership info

How Sustainability Became Serious Business

Sustainability is getting mainstreamed. And CSOs in Indian companies have a hefty role to play

IMF For Debt Swap, Local Fund Raising In Climate Action

The International Monetary Fund (IMF) is keen debt-for-climate on swaps for countries struggling to raise funds for climate change-related action, managing director Kristalina Georgieva said.

Google's New AI Wants To Catch Rival

Google on Wednesday announced its new foundational artificial intelligence (AI) model, Gemini, replacing its Pathways Language Model (PaLM) that so far powered all of its generative AI applications and offerings.

Alternate investment funds in India face harsher regulation

The murky uses to which funds were put invites greater oversight

Our youth bulge could enlarge valuations too

Various factors have powered Indian stocks upwards and corporate earnings must keep up for a sustainable surge even if longer investment horizons start supporting larger PE ratios

Italy tells China it is leaving Belt and Road Initiative

Italy in 2019 became the first and so far only major Western nation to join the investment and trade programme

Saudi Arabia seeks to contain war spillover

Riyadh urges restraint by Washington as Houthis attack ships in Red Sea