CATEGORIES

'IPO attractively priced...Ola just getting started'

Ola's $4 billion valuation is much less than what was reported earlier.

High cost, price war led to sale of India Cements: Srinivasan to staff

Long before the news of Kumar Mangalam Birla-controlled UltraTech Cement acquiring India Cements hit the media, its managing director, Narayanaswami Srinivasan, delivered a poignant farewell speech to the company's employees on Sunday morning.

"Too big to fail' Big Techs pose risk profiling challenges: RBI

The Reserve Bank of India (RBI) has cautioned that Big Tech companies that can quickly become \"too big to fail\" and dominate markets, could present significant challenges in assessing risk profiles due to their unique characteristics, extensive group entities, interconnected activities, and transnational presence.

Ola Electric sets ₹72-76 price band for IPO

The country's largest electric two wheeler (e2W) player Ola Electric is going for the biggest initial public offering (IPO) of the year, so far, aiming to raise ₹6,146 crore ($734 million).

'In future, we will have a few more listings from the group'

Ola Electric, a pioneer in India's electric two-wheeler segment, is eyeing a valuation of $4 billion in its $734 million initial public offering. BHAVISH AGGARWAL, founder and CEO, believes this IPO is a key step in the company's long-term plans. Aggarwal, 38, shares how the company is building scale in an interaction with Samie Modak, Sohini Das, and Shivani Shinde. Edited excerpts:

On the table: 2 sets of 3-slab GST structure

Fitment panel is working on two options to keep prices of essential goods in check

Economics Of Olympics: Why Is It So Hard For Host Cities To Control Costs

Like every city that hosts the Olympics, Paris designed its opening ceremony to make a splash, with ethereal dance performances, athletes floating down the Seine and a blowout performance by Celine Dion.

WazirX unveils fund recovery plan, seeks user vote

WazirX, the crypto exchange platform that lost $230 million to a cyberattack, is rolling out a fund recovery plan based on a user poll the platform will conduct by August 3.

'Pure negligence', say students

Chaos reigned supreme at the Karol Bagh metro station on Sunday after hundreds of students, mostly civil servant aspirants, raised slogans: \"We want justice,\" prompting police intervention.

P2P industry: When will RBI walk the talk?

The regulator issued show cause notices to a few P2P platforms for certain practices. Let's see how they defend themselves and how the regulator reacts

Merger conundrum

High PSF provision in the Budget revives buzz about merger with PSS. But PM-AASHA allocation indicates otherwise

Small and worrying: Loans under 50,000 are on RBI's radar

Regulator wants banks and fintechs to review exposure limits for consumer credit

In the works

MSMEs get a helping hand in the Budget but their challenges in financing remain, report RAGHU MOHAN & ABHIJIT LELE

Don't let tax rate hikes disrupt wealth creation via equity funds

International, gold and silver funds and ETFs will be taxed more favourably from next year

Exit with indexation should be offered

Two friends, Ram and Shyam, were travelling on a train when robbers started looting its passengers.

'India's high growth will help soften LTCG blow'

With the two major events - general elections and the Budget - now over, the equity market trajectory from here on out will largely depend on the earnings growth momentum, final monsoon reading, interest rates, and upcoming US and state elections, says TAHER BADSHAH, chief investment officer, Invesco Mutual Fund. In conversation with Abhishek Kumar, Badshah says that the hike in capital gains taxation is an adverse development, but given the high growth trajectory of domestic equities, it shouldn't be a major worry. Edited excerpts:

Overseas training or vacation? Sebi puts kibosh on MFDs' foreign 'perks'

Certain mutual fund distributors (MFDs) have been offering foreign trips to their subdistributors under the guise of 'training programmes' despite clear guidelines against it, the Association of Mutual Funds in India (Amfi) said in a letter to fund houses and MFDs.

DLF's growth potential anchors mkt confidence, brick by brick

CONSTRUCTING VALUE: With fortified finances, real estate major builds on sector consolidation

Bull market logic

On June 4, the Lok Sabha election results shocked the markets and jolted the ruling Bharatiya Janata Party.

Building social capital

India needs to spend more on education and health

A change in course?

It is often hard for governments to reverse course. This involves admitting that something you earlier did might have been ill-advised.

Bringing on track

Railways must address structural inefficiencies

Iron lady versus autocrat: Venezuela faces existential vote for president

They arrived in the darkness, lining up across Venezuela long before dawn to participate in a presidential vote that represents an existential moment for the socialist movement that has governed the oil-rich nation for 25 years.

Fed close to cutting rates after good inflation data

Investors see officials lowering benchmark rate in September

Bitcoin to be superpower, US crypto capital: Trump

Warns bitcoin investors will be crushed if Harris is elected President

Well begun is half done?

As elections to the 288-member Maharashtra Assembly come closer, political parties across the spectrum are struggling to reach a basic organising principle for seat sharing. ADITI PHADNIS writes

"Target is to increase Chhattisgarh's GSDP to ₹10 trillion in five years'

Chhattisgarh Chief Minister VISHNU DEO SAI tells Archis Mohan in an interview in New Delhi that in the past seven months, his government has implemented many of \"Modi's guarantees\", is studying the Old Pension Scheme (OPS) reintroduced by the previous Congress government, and has taken steps to curb the liquor business. Edited excerpts:

'Andhra needs a little bit of hand-holding for next few yrs'

NARA LOKESH, national general secretary of the Telugu Desam Party (TDP), is a minister in the Andhra Pradesh Cabinet headed by his father, Chief Minister N Chandrababu Naidu, and takes care of crucial portfolios of Human Resource Development, Information Technology, Electronics and Communication and Real Time Governance. In a video interview, Lokesh discusses with Archis Mohan and Indivjal Dhasmana the state government's plans to conduct a skill census, the target to create two million jobs in five years, and the importance of striking a balance between welfarism and economic growth. Edited excerpts

Economic Survey pessimistic on export growth prospects

The Economic Survey, tabled in Parliament last Monday, is not too sanguine about exports growth driving the economy forward and so recommends measures to boost domestic consumption which in turn can bring in more private investment.

Spandana's 'no' to clients without credit history

With rise in stress in the microcredit segment, microfinance institution (MFI) Spandana Spoorthy Financial (SSFL) has stopped onboarding customers who have had no prior credit history.