CATEGORIES

Chabahar port deal a step forward but questions remain

Last Monday, India Ports Global Ltd (IPGL), a subsidiary of the government-owned Sagarmala Development Company Ltd and Ports and Maritime Organisation of Iran entered into an agreement to let IPGL operate 5 berths at the Shahid Beheshti terminal of the Chabahar Port, Iran, for the next 10 years.

'Confident of BJP making a clean sweep in MP'

After having just concluded nearly 300 rallies and roadshows in Madhya Pradesh (MP), Chief Minister MOHAN YADAV is tasked by the Bharatiya Janata Party (BJP) to campaign for candidates in other states, too. Retiring for the day after holding rallies in Bundelkhand and Delhi recently, Yadav over a dinner interview with Nitin Kumar at Madhya Pradesh Bhavan in New Delhi says that his party would secure a clean sweep in MP and also achieve Prime Minister Narendra Modi's target of \"400 paar\". He also outlines his vision for MP's development. Edited excerpts:

From Chandni Chowk to Connaught Place, weak demand worries businesses

The mercury has crossed 45 degrees Celsius and yet the Jama Masjid area in Old Delhi is buzzing with activity.

Offering toy planes to fly abroad

Talhan gurudwara epitomises the dream of youth in Punjab to have a life beyond India's borders, in the face unfulfilled government promises and farmer protests, besides emulating others. SARTHAK CHOUDHURY report

Kejriwal leads AAP protest, but Congress, BJP hit back

Asked to break silence on Maliwal issue

On Rajnath's seat, SP looks to put up a fight

In the bustling bylanes of Lucknow's famous Hazratganj, lies a 70-year-old tea joint - Sharma Ji ki Chai.

Top guns hit Delhi streets, Oppn bloc yet to smooth out rough edges

Rahul makes concerted push for 'united front'; mention of alliance missing in AAP rallies

Phase-V polls to lock fate of Rahul, Goyal today

Forty-nine Lok Sabha constituencies across eight states and Union Territories, including high-stakes seats of Union ministers Piyush Goyal in Mumbai North, Rajnath Singh in Lucknow, and Smriti Irani in Amethi, and Congress leader Rahul Gandhi in Rae Bareli, will vote on Monday in Phase-V of the elections.

Infrastructure dominates Mumbai's discourse

In 2014, Maharashtra's then-ruling party inaugurated Mumbai's first metro line in a hurry after a former MP from the opposition party threatened to launch it in a personal capacity if the government delayed it.

'Will invest €1,000 cr in next 3 years'

Consumer preferences are undergoing a significant shift, driven by rising disposable incomes and a penchant for experimentation, particularly in the beverages sector. Som Distilleries & Breweries has seen a surge in demand for premiumisation, especially in Indian single malt whisky. As the company gears up for expansion and introduction of new offerings, J K ARORA, chairman and managing director of the alcobev company, talks about the market trends and robust growth trajectory in a video interview with Aneeka Chatterjee. Edited excerpts:

Firms may reconsider payment aggregator biz

Online payment aggregators (PAs), especially those for whom PA service is not a core business, may reconsider being in the trade owing to challenges of scale, profitability, and a high cost of compliance.

TaMo to invest ₹43K cr in products, tech in FY25

Mumbai-based auto major Tata Motors will be investing ₹43,000 crore for products and technologies in 2024-25.

'Retail expansion and omnichannel plans are in place'

Titan Company saw robust demand during Akshaya Tritiya. ASHOK SONTHALIA, chief financial officer of Titan Company, discusses the company's expansion plans in an exclusive audio interview with Sharleen D'Souza. Edited excerpts:

'Will invest about ₹65K cr in the next three years'

The consolidated net profit of JSW Steel dropped sharply in Q4FY24 on a year-on-year basis. In an audio interview, JSW Steel's joint managing director and chief executive officer, JAYANT ACHARYA, tells Ishita Ayan Dutt that Q1FY25 will be better and outlines the capex road map. Edited excerpts:

From Infosys to HCLTech, majority of IT firms support hybrid work model

Ever since the pandemic came to an end, the workforce in India's IT sector has waited and watched with a great deal of anticipation.

Vulnerable population: Heat on public health system

As the heatwave envelops North India, warnings have been issued by weathermen and disaster management agencies to gear up. This has raised concerns about the public health infrastructure's preparedness.

Markets will have a strong run after June 4: PM Modi

His assertion follows assurances by 3 senior ministers SUNDAR SETHURAMAN Mumbai, 19 May rime Minister Narendra Modi, in a television interview telecast on Sunday, said the stock market would have a strong run once the election results are out.

Promoters reluctant to sell Haldiram Snacks despite offers by PEs

Not enthused by reported valuation of ₹69,138 cr

Covid vaccine makers gear up to launch new-gen jabs

New-generation Covid vaccines may soon be available in India as many companies prepare to launch them amid a rise in new cases in some parts of the world, particularly Singapore.

Bandhan Bank Q4 profit falls 94% to ₹54.6 crore

Bandhan Bank on Friday reported a 93.24 per cent drop in its net profit to ₹54.6 crore in the March quarter (Q4FY24) compared to a profit of ₹808.3 crore in the corresponding quarter of the previous financial year.

UN ups India's CY24 growth forecast

The United Nations (UN) has revised upwards India's growth forecast for 2024 by 70 basis points to 6.9 per cent, from 6.2 per cent estimated in January this year, driven by robust public investment and resilient private consumption.

RBI flags concerns over functioning of debt recast firms

Meeting with ARCS part of supervisory engagements

Adani Ports & SEZ shares stable after Norges Bank exit

A day after Norway's Norges Bank decided to sell its shares in Adani Ports & Special Economic Zone, the company's shares closed stable at ₹1,336 a share on Friday.

Trent, Bharat Electronics in Nifty 50 contention

Tata group retailer Trent and state-owned Bharat Electronics Ltd (BEL) are seen as likely contenders to the benchmark Nifty 50 index during the next rebalancing exercise in September.

M&M stock races ahead on strong Q4 results, healthy outlook

Mahindra (M&M) reported very strong results for the January-March quarter of the last financial year (Q4FY24), beating consensus comfortably.

Silver outpaces gold as buying gains momentum

Gold's record-setting rally may have captured the headlines this year, but it's silver that's running harder and faster as the less glamorous metal benefits from robust financial and industrial demand.

Go Digit IPO booked 9.6x on last day, QIBS bet big

The ₹2,615 crore initial public offering (IPO) of the Fairfaxbacked Go Digit General Insurance closed on Friday, with the issue getting subscribed over 9.6 times.

Bajaj MF adds to variety in multi-asset space

Takes the dividend yield route to stand out in emerging hybrid category

Heavyweights lift Sensex, Nifty

Equity benchmarks Sensex and Nifty closed higher for a second straight day on Friday as buying in index majors M&M, Reliance Industries, and ITC helped the indices rebound from early lows.

MFs may get nod to invest in ETFs with India presence

India exposure in such global ETFs could be capped at 20%