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SWIGGY IPO GETS SEBI NOD, NOV LAUNCH LIKELY

Food delivery major Swiggy has been given the go-ahead by the Securities and Exchange Board of India (Sebi) to launch its much-anticipated initial public offering (IPO), according to people in know.

L&T bags ₹15K cr order for grid expansion in West Asia

Indian construction giant Larsen & Toubro (L&T) on Tuesday said its power transmission and distribution arm has bagged \"mega\" orders valued between ₹10,000 to ₹15,000 crores to expand and strengthen electricity grids in Saudi Arabia and United Arab Emirates.

‘Carrefour looking to export from India in next five years’

Carrefour is planning to expand in India through a cluster format and also considering entry into quick commerce. In an exclusive interview with Sharleen D'Souza in Mumbai, PATRICK LASFARGUES, international partnership executive director, Carrefour, and NILESH VED, Chairman of the Apparel group, which is a franchise partner of the French major, speak about the retail chain's India plans. Edited excerpts:

Shankh Air gets govt nod, set to be UP's first airline

India's newest airline, Shankh Air, has received approval from the Civil Aviation Ministry to operate in the country, according to news reports.

Talent groomed globally coming to India, for India'

HANS DEKKERS, general manager of IBM Asia-Pacific (APAC), took over the helm of the region in August this year. He believes that while the APAC region is vast, India presents the largest opportunity for the firm. In an interview with Shivani Shinde at the its flagship event, IBM Think, in Mumbai, he discusses opportunities, artificial intelligence (AI) and generative AI (GenAI) adoption, and regulatory impact. Edited excerpts:

More urban shoppers opting for Qcom platforms: NIQ

Quick commerce (Qcom) platforms are bringing upon a rapid change in the behaviours of online shoppers, with 31 per cent of buyers relying on the fast delivery option for grocery needs, according to a new study.

Feature phone companies may red flag DoT mandate

Mobile device makers are set to raise concerns about a Department of Telecommunications (DoT) notification issued on September 17, mandating that all feature phones sold in the country support the 'auto readout' of emergency messages in Hindi, English, and four additional languages initially.

Samsung: Workers paid 1.8x of average industry salary in Sriperumbudur

As the strike by Samsung Electronics employees in Sriperumbudur on the outskirts of Chennai entered its 16th day, the company on Tuesday claimed that it is paying 1.8 times of the average salary that manufacturing workers in the region are getting.

‘More than 1 in 4 Indians likely to visit Flipkart sale’

More than one out of four Indians are expected to visit Flipkart during the e-commerce firm's flagship festival sales event The Big Billion Days' (BBD) 2024 that starts from September 27, according to top company executives.

Das: Strong fundamentals crucial amid global unrest

Strengthening core fundamentals is the best defence against global uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday amid heightened tensions in West Asia.

Makers of electronic goods oppose draft recycling rules

Meity officials support the view of associations representing manufacturers

Govt extends import regime for IT hardware products till Dec 31

The Centre on Tuesday extended the import management system for laptops and other IT hardware products by three months - till December 31 - and asked companies to seek fresh approvals for imports from January 1, based on the new guidelines. The existing system is valid only till September 30.

13 candidates in fray for PNB top job

FSIB likely to conduct interviews next month

Slowing Indian economy to drag APAC's growth in 2025: Moody's

S&P expects RBI to cut rates next month

Private banks' staff strength grows 2.8x in over a decade

SUBRATA PANDA & AATHIRA VARIER Mumbai, 24 September

In talks with states, NIA to prevent train sabotage attempts: Vaishnaw

PAC meeting: Members flag train accidents

NBFCs line up ₹5,000 cr fundraise over next week

To take bond route; Bank of India plans to raise ₹2,500 cr

Consensus eludes GoM on realty GST

Meeting favours States that declare tourism as infra to facilitate exemptions

Chouhan holds first meeting with farmers

Discussions on fair price for crops, stray cattle menace

India known as best place to invest and manufacture in’

The National Democratic Alliance-led government's push towards Make in India over the past decade has resulted in the creation of jobs, substantial investments, and promises to make India self-reliant, Commerce and Industry Minister PIYUSH GOYAL tells Shreya Nandi in a telephonic interview. Edited excerpts:

Cong raises alarm as SBI decides to pick equity in debt-laden infra firm

State Bank of India's (SBI's) reported move to pick equity in Supreme Infrastructure India Limited (SIIL) has invited sharp criticism from Opposition Congress which on Tuesday sought the intervention of Reserve Bank of India (RBI) into the matter.

Karnataka HC upholds guv's nod to probe CM

Siddaramaiah alleges conspiracy as BJP, JD(S) step up demand for resignation

26 J&K Assembly seats to vote in 2nd phase today

Over 2.5 million voters will decide the fate of 239 candidates in the fray for 26 Jammu and Kashmir (J&K) Assembly seats in the second phase of the election to be held in the Union Territory on Wednesday.

Hezbollah commander Qubaisi killed in Israeli airstrike on Beirut

An Israeli airstrike on Beirut killed a senior Hezbollah commander on Tuesday as cross-border rocket attacks by both sides increased fears of a full-fledged war in the West Asia.

US to strengthen alliances across Indo-Pacific: Biden

In a strong message to China, US President Joe Biden on Tuesday told world leaders that Washington will continue to strengthen its network of alliances and partnerships across the Indo-Pacific, which he said are not against any nation, as it seeks to responsibly manage the competition with Beijing.

China unveils stimulus blitz to lift growth

PBOC CHIEF REVEALS POLICY RATE, RRR CUTS

US to sue Visa over debit card monopoly

The US Department of Justice (DOJ) plans to file a lawsuit against Visa, the world's largest payments network operator, alleging that the company illegally monopolized the country's debit card market, Bloomberg News reported on Monday.

Spurned by social media, publishers chase readers on WhatsApp

Toyota raises size of buyback to $8.3 bn

A losing proposition

Odds are against individuals in F&O

Signals from 100-day achievements

Differences between 100-day celebrations in 2019 and 2024 point to a changed focus in governance