CATEGORIES

Adani dollar bonds signal global market comeback

THE ADANI GROUP saw massive demand on Monday for its first dollar bond since a short seller attack last year, in what two banking sources said was being seen internally as a test for the conglomerate's access to global capital markets.

The making of a content king

The Hotstar-Jio combine will upend the OTT ecosystem

China sets robust economic growth goal

Fiscal deficit was set at 3% of economic input

Tata Sons may be valued at ₹7-8 trn in IPO

TATA SONS, THE investment-holding arm of Tata group companies, could fetch valuation of ₹7-8 trillion in an initial public offering (IPO), based on the current market capitalisation of group firms, according to a report.

Bajaj Auto to now roll out CNG bike in 2024

BAJAJ AUTO WILL launch the world's first CNG-powered motorcycle this calendar year, instead at the end of 2025 as earlier planned.

Tata Motors demerger may boost focus on trucks, buses

TATAMOTORS' PROPOSAL to separate its truck and car businesses into two independent, listed entities drove its stock to a 52-week high of ₹1,065.60 apiece during intra-day trade on Tuesday.

FCI may raise ₹15,000-cr short-term loans in FY24

THE FOOD CORPORATION of India (FCI) may raise around ₹15,000 crore through short-term loans in the current fiscal to bridge the gap between food subsidy allocated and actual expenses in handling and distribution of grains under the free ration scheme.

Direct tax mop-up: Centre set to meet revised estimate

THE CENTRE HOPES to achieve its revised direct tax collections target for the current fiscal, but personal income tax (PIT) mop-up could be slightly lower than the respective revised estimate, a senior official told FE on Tuesday.

Services PMI eases a bit in Feb, still robust

Number has stayed above 60 in 7 months of current fiscal

Former Twitter execs sue Musk

FOUR EX-TWITTER EXECUTIVES, including former chief executive officer Parag Agrawal, sued Elon Musk for allegedly stiffing them on more than $128 million in severance payments after they were ousted from the company.

BigBasket set to deliver profit in 6-8 months

Firm targets IPO in 2025

RBI cracks the whip on IM Financial

THE RESERVE BANK of India (RBI) on Tuesday directed JM Financial Products, a nonbanking financial company (NBFC), from extending loans against shares and debentures, including those against initial public offering (IPO), in a 'cease and desist' order.

Google blinks, relists apps

Move temporary, says tech giant

Bloomberg EM index to add Indian G-secs

BLOOMBERG INDEX SERVICES on Tuesday announced a plan to include Indian government securities (G-secs) in its emerging market (EM) local currency index in a phased manner starting January 31 next year, a move that raises the prospect of additional forex inflows to the tune of $5-7 billion.

Shehbaz Sharif takes oath as 24th PM of Pak

SHEHBAZ SHARIF ON Monday took the oath as Prime Minister of Pakistan, assuming the cash-strapped country's reins for a second time, nearly a month after an inconclusive election marred by allegations of vote rigging.

The story of Dharamsala cricket stadium's journey from rocky field

THERE'S THIS OLD hill lore about the scenic Dharamsala stadium. The narrator is the IPL chairman and Himachal Pradesh's seasoned cricket administrator Arun Dhumal.

No immunity for MPs, MLAS taking bribe for vote, speech

MEMBERS OF PARLIAMENT and state legislatures who take bribes to vote or speak in a certain manner in the House are not immune from prosecution, the Supreme Court said in a landmark order on Monday, overruling its 1998 judgment (JMM bribery case) which granted immunity to such lawmakers.

Domestic AIFs see opportunity in land financing

WITH BANKS AND non-banking finance companies (NBFCs) being barred from lending for buying land and related purposes, home-grown alternative investment funds (AIFs) are making the most of the situation.

Gujarat Gas eyes double-digit volume growth

Expansion in new areas, recovery in I-PNG segment key drivers

Outlook positive for HDFC Bank

Reduced loan growth can protect the bank’s profitability

Tesla's shipments in China plunge to lowest in over a yr

TESLA SHIPMENTS FROM its factory in Shanghai slumped to the lowest in more than a year amid a Lunar New Year holiday sales lull and renewed price competition in the world's biggest electric vehicle market.

Spotify case: Apple fined $2 bn by EU

APPLE WAS HIT with a 1.84-billion-euro ($2 billion) EU antitrust fine on Monday, its first-ever and comprising mostly a deterrent, for preventing Spotify and other music streaming services from informing users of payment options outside its App Store.

Advent, Multiples to invest 1,930 crore in Svatantra

Largest PE investment in MFI sector in India

Banks go green, cut exposure to non-renewable entities

Lenders not keen on funding thermal plants due to higher carbon emissions

IT firms roll out responsible AI solutions

INDIAN IT FIRMS are launching responsible AI solutions to help enterprises balance innovation with ethical considerations to maximise their return on investments.

Macrotech looks to raise €3,300 cr via QIP

MACROTECH DEVELOPERS WHICH operates under Lodha brand, is looking to raise 3,300 crore ($398 million) through a qualified institutional placement (QIP) of shares, sources said.

50% car buyers want to opt out of ICE

ALMOST 50% OF Indian consumers intend to move away from internal combustion engine (ICE), and 24% are inclined towards hybrid electric vehicles (HEVs) as their next vehicle, a new study has found.

Govt assures developers of level playing field

THE GOVERNMENT ON Monday held multiple meetings with Google and startups whose apps have been delisted from the tech major's Play Store.

Adani Group Ebitda in FY24 may top $9.5 bn

ADANI GROUP'S EBITDA for this financial year is expected to cross $9.5 billion, its highest ever, driven mainly by the infrastructure segment including cement, green energy, power and airports.

Gujarat has opened doors for emerging sectors, says CM Patel

BECAUSE OF ITS available human resources, better law & order, business-friendly policy and stable government, Gujarat has become anukul (favourable) state for trade and business and more than $55 billion foreign direct investment has come to the state in the last 20 years, said Gujarat chief minister Bhupendra Patel on Monday.