CATEGORIES

Gangwal may divest 3.8% stake in IndiGo via bulk deals for ₹7,100 cr

Co-founder Rakesh Gangwal (pictured) is likely to divest about 3.8 per cent stake in InterGlobe Aviation (IndiGo airline) for about ₹7,100 crore via bulk deals.

'With long-term vision, I aimed at creating 3 biz'

Raymond Lifestyle, the newly spun-off entity from the Raymond Group, is set to make its stock market debut soon. This new company will encompass the group's apparel business, a significant segment of the Mumbai-based conglomerate. As Raymond Lifestyle prepares to list on the bourses, GAUTAM SINGHANIA, chairman and managing director of the group, shared his vision and outlook for the company, which is approaching its centennial in 2025. In an interview with Sharleen D'souza and Samie Modak in Mumbai, Singhania says he has laid the groundwork for a promising future. Edited excerpts:

CCI approves $8.5 bn RIL-Disney merger

Reliance Industries' entertainment arm Viacom18 and Walt Disney Co's Indian media assets on Wednesday received competition watchdog Competition Commission of India's (CCI's) approval for their $8.5 billion merger, according to a press release issued by the Press Information Bureau (PIB).

'We must raise the bar to impart lifelong learning in B-schools'

Students coming to the workforce should be ready for \"lifelong learning\" as the business environment is changing fast, said Rama Bijapurkar, former board member and visiting faculty at IIM Ahmedabad (IIM-A), here on Wednesday.

Govt to set up 12 industrial smart cities in 10 states

PM-led CCEA earmarks ₹28,602 crore for projects

Global investors on edge ahead of Nvidia earnings

With Nvidia Corp.earnings just a day away and a heavy slate of US economic data scheduled for later in the week, there was little movement in markets on Tuesday.

National Infrastructure Trust to raise ₹1,600 cr through IPO

The National Infrastructure Trust has filed a draft offer document with the Securities and Exchange Board of India (Sebi) to raise ₹1,600 crore via an initial public offering (IPO).

Markets settle flat in choppy trade

Stock market benchmark indices Sensex and Nifty ended on a flat note after a volatile session on Tuesday due to the emergence of profit-taking near record high levels amid rising geopolitical tensions in West Asia and Ukraine.

NSE seeks afresh Sebi NOC for IPO

In a fresh shot to get listed, the National Stock Exchange (NSE) has filed for a no-objection certificate (NOC) with the Securities and Exchange Board of India (Sebi) for the approval of its initial public offering (IPO).

F&O proposals may dent NSE earnings by 25%: IIFL Securities

The proposed curbs by Securities and Exchange Board of India (Sebi) on index derivatives may dent the earnings of the National Stock Exchange (NSE) by 2025 per cent, according to an analysis by IIFL Securities.

5 most overbought SME IPOS of 2024 see 1,100x demand

Bets exceed ₹65,000 crore against cumulative target to raise ₹59.3 crore

It's raining buybacks on bourses

Eleven companies have collectively repurchased shares worth ₹5,388 crore in August.

BJP calls for 12-hr Bengal strike after police action on march

August Clashes broke out between police and protesters at different parts of Kolkata and its neighbouring Howrah on Tuesday, as the agitators tried to make their way through barricades to march towards the West Bengal secretariat 'Nabanna'.

Mohanlal quits as Malayalam film body chief

Entire executive panel resigns, taking moral responsibility for sexual assault allegations

Dailyhunt parent looks to reach Ebitda break-even by FY25-end

After a period of heavy losses, India's largest local language technology plat form VerSe Innovation is focused on \"profitable growth\" and is looking to reach earnings before interest, taxes, depreciation and amortisation (Ebitda) breakeven by the end of the current financial year (FY25), after which it will consider going public, a senior executive at the firm said.

TCS launches co-innovation hub in Manila

IT services major Tata Consultancy Services (TCS) on Tuesday announced the launch of TCS Pace Studio in Manila, Philippines.

Biz hit, but Emami factory ops restart in Bangladesh

Company reassures shareholders at AGM

Unsafe at any place

Hema Committee underlines the distance to gender equality

A tale of two decisions

Mothballing the lateral-entry scheme and launching the modified pension plan show how governance style can make a difference

Ease of lending

Following a pilot project, the Reserve Bank of India (RBI) is preparing to launch a new nationwide Unified Lending Interface, or ULI, in due course.

Raising the bar on skilling

There are a lot of young people in India who want to get a qualification that will set them up to earn well and progress professionally.

India internet cos among targets of Chinese hackers

The state-sponsored Chinese hacking campaign known as Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers.

'Pressured' by Biden admin to pull Covid content from Facebook: Zuckerberg

Meta Platforms Chief Executive Officer Mark Zuckerberg alleged that Facebook was \"pressured\" by the US government to censor content related to Covid-19 during the global pandemic and that he regrets the company's decision to accede to the demands.

Controlling 1,300 km of Russia territory: Ukraine

The chief of Ukraine's army said Tuesday that the country's troops control nearly 1,300 square kilometres of Russia's Kursk region since their surprised incursion three weeks ago.

'No barrier': Iran opens door to N-talks with US

Iran's supreme leader opened the door Tuesday to renewed negotiations with the US over his country's nuclear program, telling its civilian government there was \"no barrier\" to engaging with its \"enemy.

Long-time insider Parekh to Apple take up CFO role

Apple on Tuesday named Kevan Parekh, an Indianorigin engineer, as its next chief financial officer (CFO).

Durov, from Zuckerberg of Russia to wanted man

More than a decade ago, when Russia pushed Pavel Durov to shut down the pages of opposition politicians on a Facebook-like site he had created, the tech entrepreneur responded online by posting a cheeky picture of a hoodie-wearing dog with its tongue out.

Trai asks top regulators to apply whitelist norms

To tackle the problem of spam messages and calls, the Telecom Regulatory Authority of India (Trai) on Tuesday asked the Reserve Bank of India (RBI), various sector regulators, and government agencies to implement the mandatory whitelisting or registration of internet links, Android application packages (APKs) and call back numbers sent through text messages by September 1.

Stepping aside and looking back

The year 2024 marks the tenth year of the Pradhan Mantri Jan-Dhan Yojana (PMJDY), the national mission for financial inclusion to ensure access to financial services, namely, a basic savings & deposit account, remittance, credit, insurance, and pension in an affordable manner.

PM shares Kyiv visit 'insights' with Putin

Speaks with Russian President hours after briefing Biden