CATEGORIES

RMZ to invest $7 bn to enter four new realty asset classes

RMZ Corp. plans to invest about $7 billion equity, as the Bengaluru-based real estate developer diversifies into four new asset classes - industrial and logistics, hospitality, mixed-use and luxury residential development. The capital will also be used to expand its core commercial office business.

Gautam Singhania's separation erases $180 mn at Raymond

Raymond Ltd, one of the world's biggest producers of suit fabric, fell for the seventh day as the acrimonious separation between its billionaire chairman Gautam Singhania and his wife sparked uncertainty among investors.

Room to be upbeat about hotel cos?

Had India lifted the Cricket World Cup 2023 trophy, it would have been a cherry on the cake for investors in hotel stocks. After all, the sector was seen as among the potential beneficiaries of this event. Even so, investors have a lot to cherish.

Ambitious cement prices get a reality check in November

The strength of cement prices was not sustainable to begin with. After a sharp uptick in September and October, prices have corrected a bit.

Oil tumbles over 4% on Opec+ meet delay

Oil extended declines as the Opec+ meeting that had been set for the weekend was delayed.

Office space co IndiQube eyes 40% revenue growth in FY24

Flexible office spaces provider IndiQube, which reported a net profit last fiscal after four consecutive years of net losses, is targetting a 40% rise in revenue for the current fiscal, it is learnt.

Salesforce India's growth slips, but $l-bn revenue seen

US-based customer relationship management (CRM) giant Salesforce, which has been growing at breakneck speed in India with annual growth rate pegged at around 70% over the last eight years, saw a deceleration in the country last year, albeit still clocking above-average growth numbers.

UST opens Hyderabad unit, to hire 2,000 staff

California-based digital transformation solutions company UST has announced the launch of its new office in Hyderabad.

Govt may tell platforms to end deepfakes voluntarily

The government is likely to seek AI-based solutions from social media platforms

Israel-Hamas conflict must not be allowed to escalate, Modi tells G20

India, in the last summit of its G20 presidency on Wednesday, called upon world leaders to ensure that the Israel-Hamas conflict does not escalate into a regional conflict, as the two warring sides agreed a four-day ceasefire.

Further export ban on cattle feed input

The government may extend its ban on exports of de-oiled rice bran (DORB)—a key ingredient of cattle feed—until March next year to keep milk prices in check, a senior official said.

Visas for Canadian citizens resumed

India has restored online visa services to Canadian nationals in a sign that relations are improving after the two countries sparred over the killing of a Sikh separatist leader.

E-comm policy may propose voluntary ONDC registration

In relaxation of earlier proposal, government may tweak stance after talks with stakeholders

Abandoned mines seek German tech

India is in talks with German development agency GIZ to help turn abandoned Indian coal mines into pump storage projects.

OpenAI saga, coming soon to IIM classes

The tumultuous story of Sam Altman's ouster from OpenAI and his triumphant return in five days could make it to business school curricula, offering valuable lessons on leadership, loyalty and valuations.

New cell to track food prices soon

Worried about containing food inflation with the general elections on the horizon, the Centre is planning to create a special cell under the Department of Food and Public Distribution to strengthen price monitoring of essential commodities such as food grains, pulses, wheat, rice, maize and other food items through a thorough analysis.

Hiring Altman Won't End Microsoft's Woes

Microsoft still has a commitment of more than 13 billion to OpenAI

3 ways to improve the ODI cricket World Cup

While a month-long celebration of ODIs is good news for the format, here are three ways to make future World Cups better

Youth and female employment in India are rising for the better

More of our youth are at work even as women increasingly join the workforce in trends that reveal not distress but progress

Why NPS should be part of your retirement portfolio

Should it be mutual funds or the national pension scheme (NPS)? Most investors, particularly salaried individuals, are divided on their opinions. But, financial planners recommend the pension scheme because of the sheer tax advantage it enjoys over mutual funds. Now, with the flexibility to opt for periodic withdrawal of a lump sum at retirement, it bolsters their case even more.

Unhealthy items lift FMCG food revenue

India’s top fast-moving consumer goods (FMCG) companies earn three-quarters of their packaged foods revenue from products that rank poorly on health, a sobering analysis showed.

Primary mkt roars back as 3 of 4 IPOs sold out on Day One

Dalal Street is on fire. Three out of four share sales that opened on Wednesday were oversubscribed on the first day itself, a feat last seen 27 months ago, with high net-worth individuals (HNIs) and small retail investors leading the charge.

Wilmar, others tap Adani for JV stake

Deal likely at $2-2.2 bn; no single buyer may acquire entire stake

Israel-Hamas issue: India says no compromise on terrorism

Calls for addressing concerns of Palestinians, stresses on the two-state solution

Gold hits over 2-week peak amid softer $, Fed minutes in spotlight

Gold prices rose to an over two-week high on Tuesday, as the US dollar dipped on expectations that the Federal Reserve is done with hiking interest rates, while investors awaited minutes from the central bank's latest meeting for further policy cues.

India Set For Strong Growth, Macro-Stability In FY24

Inflation, external factors could pose risks, says finance ministry’s monthly economic review

ATP Finals: How Novak Djokovic kept challengers at bay

It was a case of another day, another record for World No.1 Novak Djokovic at the ATP World Tour Finals

Most investors are safer staying off derivatives

They should heed Sebi chairperson Madhabi Puri Buch's advice and invest money for the long-term. Dallying with futures and options is way too risky and this needed to be flagged

WHY THE CENTRAL BANK HAS INCREASED RISK WEIGHT FOR UNSECURED LOANS

Spooked by the strong growth in unsecured loans to consumers, the Reserve Bank of India (RBI) has increased the cost of funds for banks and non-bank financial companies (NBFCs), by increasing the risk weight of such loans. Currently at 100% risk weight, loans to consumers will see an increase to 125%, excluding loans for housing, education, vehicles and against gold.

BEYOND BROKING: WHAT NEXT FOR GROWW?

The stockbroker has the highest number of active users in India and is profitable. But it wants to do much more