CATEGORIES

TSI gets ₹200 cr via credit fund

Piramal Alternatives and CDPQ-backed performing credit fund have agreed to extend a ₹200 crore sum to ATM (automated teller machines) operator Transaction Solutions International (India) Pvt Ltd (TSI) in a structured credit transaction, a top executive said.

Goa eyes overseas arrivals after surge in domestic visitors

Goa has also placed to the Centre for 'digital nomad' visas for foreign tourists in India for a short period a proposal

'We are at the healthy beginning of a IPO cycle in India'

Corporate India has often been praised by investors for maintaining a stronger cash position and for being debt-free, Subhrajit Roy, managing director and head of global capital markets, Bank of America, said in an interview. He anticipates an acceleration in capital markets activity in 2024, in view of the deleveraging of corporate balance sheets and restarting of the capex cycle. Edited excerpts:

Yield hunt is finally back on for buyers in emerging mkts

Across Wall Street, analysts and investors had cheered 2023 as the year of emerging markets, only to be burned by a relentless climb in US Treasury yields. Now, as the Federal Reserve looks set to end its most aggressive monetary tightening campaign in a generation, they're at it again.

Zomato leads even as Swiggy closes in

While fans were disheartened with the outcome of the ICC Men's Cricket World Cup 2023, a certain section has benefitted. The sporting event is likely to have boosted food ordering, benefiting companies such as Zomato Ltd and Swiggy.

UltraTech steps towards goals

One step at a time seems to be UltraTech Cement Ltd's motto to meet its long-term target of 200 million tonnes (mt) capacity. Last week, it announced the acquisition of Kesoram Industries' cement assets - a positive move amid concerns of heightened competition, triggering a hunger for market share gains among large cement makers.

Planning group saves ₹15 crore per km in construction of highways

The Network Planning Group (NPG) under the PM Gati Shakti initiative for logistics efficiency reckons it can save up to ₹15 crore per km for projects run by the National Highway Authority of India (NHAI).

Regulator eyes more allocation for PNG

Currently, there are around 10 mn piped gas connections compared with over 290 mn cylinder gas users

IBC: Climate strategy to be made key to debt resolution

Move could make India a pioneer in making sustainability key to business rescue decisions

Ajay Piramal sets sights on PSBS to move into banking

Piramal eyes PSBs to move into banking

Market may open higher as F&O bears crash out

The benchmark Nifty index of the National Stock Exchange (NSE) may open higher by 100-150 points and the BSE’s Sensex may set a new record on Monday, analysts said, as investors look to close out bearish bets in futures and options (F&O) following the saffron sweep in the Hindi heartland.

BJP sweeps 3 of 4 states

Congress wins Telangana; BJP retains MP, reclaims Rajasthan & Chhattisgarh; Mizoram results today

Ola the surprise visitor on 1st day of IIT placements

Day Zero dawned at India's top technology campuses on Friday with companies ranging from trading firms to tech firms and consultancies jostling for the brightest talent in the 2024 placement season.

Nifty hits a new record, F&O rollovers signal momentum

Stellar growth in the second quarter and positive cues from state exit polls lifted the Nifty to a new record on Friday, while the Sensex came within kissing distance of its all-time high.

Fed's rate hikes probably over, but officials reluctant to say so

Federal Reserve officials are increasingly confident that they don't need to keep raising interest rates to defeat inflation. But they aren't satisfied enough to declare an end to hikes-let alone to start a discussion about lowering rates.

Top Vini execs brought in after KKR deal walk out

Vini Cosmetics, the maker of Fogg deodorants and GlamUp creams backed by private equity firm KKR, has seen a flurry of top-level exits in the recent past, even as the company’s founder-chairman Darshan Patel remains unfazed.

HUL splits beauty, personal care business

Hindustan Unilever Ltd (HUL) is splitting its beauty and personal care business into two, one dedicated to beauty and wellbeing (B&W) and the other to personal care (PC), as it looks to take on younger, mostly digital-focussed companies that are challenging the incumbents.

Electric 2-wheeler sales rise

Sales of electric two-wheelers at just over 91,000 units in November were up nearly 20% compared with the same month last year, and 22% compared with October, suggesting that demand for the vehicles is growing at a brisk pace again, after lower subsidies took the sheen out in the middle of the year.

Tesla's much-delayed Cybertruck rolled out

Cheapest version costs $60,990; Cyberbeast priced at around $100,000

RBI inks pact with BoE on bond clearing settlement

The Reserve Bank of India on Friday signed an agreement with the Bank of England (BoE) on exchange of information for settlement of bond trades through Clearing Corporation of India Ltd (CCIL).

COP28: Food security gets $2.5 bn

Bill and Melinda Gates Foundation has committed another $200 mn to respond to threats to food security

Manufacturing rises in Nov, input costs at 40-month low

Demand stays high despite price hikes; labour costs increase even as inflation cooled

Empty nesters discover the joy of slow travel

With kids grown up, couples are ticking off the bucket-list items that they had been postponing

'Whatever I think shows up in fiction'

In her new collection of short stories, 'Welcome To Paradise', Twinkle Khanna examines themes of mortality

Meet Cillian Murphy, deejay extraordinaire

Perhaps you are just as big a fan of Cillian Murphy as I am. The Irish actor is as highly talented as he is versatile. His recent performance as J. Robert Oppenheimer in Christopher Nolan's biopic on the physicist who led the development of the atomic bomb during World War II is stunning.

Comic relief: The makers of 'The Archies' on their new film

Zoya Akhtar and Reema Kagti on adapting 'Archie' for India and the big screen, and why kids are a tough audience

THE ART OF TANTRIC BUDDHISM

A new book looks at Asia's Buddhist art traditions, especially that of tantric Buddhist painting and sculpture

Trends in 2024 THAT WILL RULE

Experts predict fashion and accessories trends for the forthcoming year, from playful layering to chunky jewellery

From Hanoi to Chennai, the crunch of banana stem

The inner core of trees like banana and palm is used to create nutrientrich dishes in many food cultures across the world

The party pantry of December

Welcome the month of celebrations by stocking up on premium wines, craft chocolates and award-winning cheeses