CATEGORIES

MFs dive into FoF waters to fish for debt alternatives

Mutual funds' search for debt fund alternatives has reached the fund of fund (FoF) space with at least two fund houses—HDFC and Aditya Birla Sun Life (ABSL)—seeking the regulator's nod to launch FoFs that can offer debt fund-like returns but with better tax efficiency.

Weak signals for Indus Towers after unfavorable SC verdict for Vi

An adverse judgment by the Supreme Court will impact Vodafone Idea (VIL) unfavorably and in turn, may have a negative impact on Indus Towers too.

Hyundai deserves better valuation than Maruti: Nomura

Hyundai Motor India (HMI), which is expected to make its stock market debut soon, may command a valuation multiple that is higher than automobile market leader Maruti Suzuki India (MSIL), brokerage Nomura has said in a note.

Trent hits new high after Citi's 'buy' call

Stock of the retail firm has surged 1,154% in last 4 yrs

Star rating for vehicles gets push

The National Green Tribunal (NGT) has sought responses from some ministries of the Union government on a plea seeking implementation of a star-rating system based on fuel efficiency and carbon dioxide (CO2) emissions across all vehicles in the country - a move that could have a significant bearing on India's growing problem of air pollution leading to serious health issues.

Govt issues new advisory after first Clade 1b strain Mpox case

Union Health Secretary Apurva Chandra on Thursday issued a new advisory to all state and union territory administrations containing public health actions required to be undertaken to prevent the risk of further spread of Mpox in India.

Film's success goes to star, failure to director

HANSAL MEHTA, who won critical acclaim with Aligarh, Shahid, and Scam 1992, has just had his first major release since Faraaz in 2022. The Buckingham Murders is a crime thriller with Kareena Kapoor-Khan in the lead role. Mehta tells Vanita Kohli-Khandekar in a video interview about what went behind the making of his second international project. Edited excerpts:

Amazon engaging with India on GPU procurement tender: Senior exec

Amazon's Cloud computing arm, Amazon Web Services (AWS), is \"engaging with the Indian government\" over its request for proposal (RFP) to procure high-end graphic processor units (GPUs) for AI Mission which aims to bolster the nation's computing infrastructure, a senior company executive said.

FINTECH LOAN DISBURSEMENTS DECLINE IN VOLUME & VALUE IN Q1FY25: REPORT

For the first time in over four quarters, the volume and value of credit disbursements among fintech companies declined marginally on a quarter-on-quarter (Q-o-Q) basis, data from a self regulatory organisation for fintechs (SRO-FT) shows.

K'taka plans tax waivers for hybrid cars, EV incentives

Karnataka plans to cut levies and offer financial incentives to companies in the clean mobility sector, including a steep tax cut for hybrid cars that will be a boost for Toyota, a draft of a document showed.

Samsung workers' strike: Centre asks TN to intervene

Union Labour Minister Mansukh Mandaviya has written to Tamil Nadu Chief Minister MK Stalin on Wednesday and urged swift resolution of the ongoing workers' strike at the Sriperumbudur plant of Samsung Electronics, sources said.

‘InGovern report creating anti-India sentiment’

Religare Enterprises, currently undergoing a turnaround, recently made headlines following a report by proxy advisory firm Ingovern. The Burman family, which owns 21.5 per cent, has made an open offer. As the takeover battle intensifies, the Securities and Exchange Board of India (Sebi), sent notices to RASHMI SALUJA, chairperson of Religare Enterprises, for alleged insider trading. And, the Enforcement Directorate (ED) has also started a probe. In a video interview with Dev Chatterjee and Khushboo Tiwari, Saluja discusses various issues. Edited excerpts:

NCLAT didn't apply mind in Byju's case: SC

Hints matter may be sent back to appellate tribunal

Piramal Pharma targets $2 bn revenue by FY30

Pharmaceutical firm Piramal Pharma is eyeing to double its revenue to $2 billion by 2029-30, company Chairperson Nandini Piramal said on Wednesday.

"About 40% of our global R&D workforce is in India"

With a talent pool of 13,000, half skilled in artificial intelligence (AI) technologies, SAP Labs India is becoming a global AI hub for SAP's worldwide customers. Headquartered in Bengaluru, it specialises in custom and multi-agent AI technologies to drive business transformation. As SAP's second-largest research and development (R&D hub), it develops solutions that set new digital transformation standards for SAP's 450,000 customers. SINDHU GANGADHARAN, managing director and head of customer innovation services, in conversation with Peerzada Abrar in Bengaluru, emphasises India's strategic importance for SAP's growth and innovation. Edited excerpts:

Govt begins talks to finalise EU products for retaliatory tariffs

Consultations on with relevant departments and ministries

Govt eyes $100 bn FDI inflows annually

The government is looking at a target of $100 billion foreign direct investment (FDI) inflows per annum in the coming years, in line with India's thrust towards the \"Make in India\" programme, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Amardeep Singh Bhatia said on Wednesday.

Out-of-pocket health spend fell to 39% in 2021-22

Household healthcare costs declined as government spending rose to 48%

Consensus eludes GoM on GST rate rejig

Over 100 items discussed at Goa meeting

Deploy DPIs to build skilling infra: Ficci-EY

A skilling passport, a centralised registry and work experiences of professionals across India are examples of digital public infrastructures (DPIs) the industry can leverage to create a robust skilling ecosystem, according to report released by Federation of Indian Chambers of Commerce & Industry (Ficci) in collaboration with Ernst & Young (EY).

Mumbai rains hit local train, flight services

Heavy rains lashed Mumbai and suburbs on Wednesday, inundating low-lying areas, disrupting local trains and affecting flight operations.

Banks turn to CD issuances in Sep amid deposit woes

Raise ₹5.4 trn compared to ₹3.2 trn in same period of last FY

OECD ups India's FY25 GDP forecast to 6.7%

ADB retains projection, expects faster growth in coming quarters

₹50,000 cr mega IPOs may make it cracker of a Diwali

Three of India's biggest initial offerings are in the offing

CNG car sales growth zooms past other PVs

PETROL CARS: LOSING TRACTION?

Organised gold loans may top ₹10 trn in FY25

It may hit ₹15 trn by Mar '27, says Icra

Shriram Finance raises $500 mn

Shriram Finance has raised $500 million from global investors through issuance of fixed rate, senior secured social USD notes at a coupon of 6.15 per cent.

Shipbuilding clusters to come up in five states: Sonowal

Ship-building and ship repair clusters will be established in five states including Gujarat, Andhra Pradesh and Maharashtra, Union Minister for Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal said on Wednesday.

Bank of India gets 2,500 cr via bonds

State-owned Bank of India on Wednesday raised ₹2,500 crore through Tier-II bonds at a coupon rate of 7.49 per cent, sources said.

Life insurers may discuss surrender value norms tomorrow

Compliance heads of life insurance companies are scheduled to meet the executives of Life Insurance Council on Friday and are likely to discuss the industry's readiness to implement the new surrender value norms supposed to take effect on October 1 this year, unless an extension is granted, said multiple sources aware of the development.