CATEGORIES

Water stress to hurt India's credit strength: Moody's

India's growing water shortage amid its rapid economic growth is detrimental to its credit health as well as industries that heavily consume water, such as coal power generators and steel manufacturing, Moody's Ratings said on Tuesday.

Trade bodies call for tax deduction on R&D

Seek strengthening of India's tax competitiveness in transfer pricing

Foxconn says 'no' to married women seeking jobs at TN plant

The two women standing near the entrance to the iPhone factory in southern India were upset.

₹2 trn funds tied up for expansion, says Adani Green

Adani Green Energy, the renewable power arm of the conglomerate, would be investing 2 trillion by 2030 and has already tied up funds for the entire project, Sagar Adani, executive director of the firm, said on Tuesday.

Green shoots visible, FY25 to be better: LTIMindtree prez

For IT services major LTIMindtree, Financial Year 2025 has started on a positive note, with close to 60 per cent of its revenue showing positive traction.

IPO-bound startups find favour with investors amid funding resurgence

The tide of startup-funding is turning in India, with a rising trend of overall funding while the deal sizes grow bigger.

Early 'end of season' sale amid muted demand

Brands report high inventories as consumers avoid shopping due to heat

Clients eager to harness power of AI: Wipro CEO

The world is at the threshold of a technological transformation and clients across industries want to use artificial intelligence (AI) to reshape their businesses, said Srini Pallia, chief executive officer and managing director of Wipro, in the company's annual report 2023-24.

Budget likely to revise FY25 nominal GDP growth target upwards

Anticipating better economic expansion, the finance ministry is likely to increase its nominal gross domestic product (GDP) growth target for FY25 in the upcoming Budget from its assumption of 10.5 per cent in the Interim Budget, in February.

Bumper coal stock at power stations as transport woes ease

Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India's power stations are stocked with bumper supply of coal - 25 per cent higher than last year and a massive 71 per cent more than in 2022, when the sector faced a domestic coal shortage.

Adani commits ₹1.3 trn in FY25 to boost capacity

To raise up to ₹25,000 cr in equity; plans listing of airport arm by FY28

T+O settlement cycle finds few takers in initial phase

Sebi may launch revised framework in November

Geothermal rooms, hi-tech recovery space for Paris-bound athletes

After it descends on Paris next month for the biggest sporting spectacle on the planet, India's Olympic contingent will be accommodated in apartments equipped with geothermal energy to beat the heat, and have a state-of-the-art enclosure dedicated to the athletes' recovery, in first-of-their-kind initiatives.

Alcobev players ramp up single-malt portfolio

Indian single malts dominated the market in 2023, accounting for 53% of total sales

CoinDCX launches Web3 mode, gives access to 50k DeFi tokens

CoinDCX on Tuesday announced the launch of a Web3 mode within the crypto exchange app, giving around 15 million users access to over 50,000 DeFi (decentralised finance) tokens.

Opportunity seen for jewellery, hotel stocks

From Radhika Merchant and Anant Ambani's wedding related celebrations to Deepika Padukone and Ranveer Singh's nuptials, to that of Anushka Sharma and Virat Kohli's and Priyanka Chopra and Nick Jonas', Indian weddings have always been a grand affair.

Robust demand to drive gains for Havells India

Electrical Consumer Durable (ECD) companies like Havells India have seen strong Q4FY24 sales and continuing seasonal demand across fans, air coolers, and room air conditioners (RAC) in addition to business-to-business sales of cables, switchgear, and professional lighting, among others.

Weight cut likely for Thailand, Poland: HSBC

Thailand, Poland and the Czech Republic are the three emerging market (EM) peers of India that are likely to see a cut in their respective weights in the JPMorgan Emerging Market Bond Index (GBI EM index) over the next 10 months as India government securities (G-sec) start getting included in this index starting June 28, said analysts at HSBC in a recent note.

What is front-running?

With Quant Mutual Fund coming under regulatory scanner for alleged front-running activities, Business Standard provides an explainer on what such activities mean, with past instances and the impact they had.

Finfluencer norms , AIF valuations on Sebi table for nod

Current regulations mostly address listed companies

Mixed session for smallcap firms with major stakes in Quant MF

Smallcap companies with significant Quant Mutual Fund stakes had a mixed day in the stock market on Monday, the first trading session after the front-running investigation at the fund house came to light.

Nadda named leader of House in Rajya Sabha

The Bharatiya Janata Party (BJP) national president and Union minister Jagat Prakash Nadda was appointed the leader of the House in the Rajya Sabha on Monday.

EO against AA can be discharged through physical/deemed exports

Para 4.30 of HBP prescribes the procedure for obtaining advance authorisation (AA) for intermediate supplies.

BJD to oppose govt in RS; TMC to be bridge between non-aligned parties, INDIA

Biju Janata Dal (BJD) president Naveen Patnaik on Monday asked his party's nine Rajya Sabha (RS) members to emerge as a \"vibrant and strong\" opposition in the Upper House.

Country needs responsible and good Opposition: Modi

INDIA bloc displays copies of the Constitution, raises slogans against govt

Apple is first company charged under EU tech law

European Union (EU) antitrust regulators charged on Monday that Apple breached the bloc's tech rules, a charge that could result in a hefty fine for the iPhone maker which also faces another investigation into new fees imposed on app developers.

China wants EU to scrap EV tariff plans by July 4

Beijing wants the European EU adopts new round of Russia Union (EU) to scrap plans to sanctions impose preliminary tariffs on Chinese electric vehicle (EV) imports by July 4, China's state controlled Global Times reported, after both sides agreed to negotiate a possible compromise.

ByteDance, Broadcom in talks to develop advanced Al chip

China's ByteDance is working with US chip designer Broadcom on developing an advanced AI processor, two sources familiar with the matter said, a move that would help TikTok's owner secure sufficient supply of high-end chips amid US-Sino tensions.

Won't agree to deal that ends war: Netanyahu

The viability of a US-backed proposal to wind down the 8-month-long war in Gaza was cast into doubt on Monday after Israeli Prime Minister Benjamin Netanyahu said he would only be willing to agree to a \"partial\" ceasefire deal that would not end the war, comments that sparked an uproar from families of hostages held by Hamas.

Jain raises $5.3 bn in biggest hedge fund debut since 2018

Bobby Jain (pictured), chief executive officer and chief investment officer, Global Jain a multistrategy investment firm founded in 2024 has gathered $5.3 billion in commitments for his new multistrategy hedge fund, marking the biggest fundraising haul since ExodusPoint Capital Management's record debut.