CATEGORIES

Burmans raise stake in Religare to over 25%

Acquire additional 4% stake at around ₹234 per share

India VIX nudging 10-month high

Markets continue to see a see-saw trend for sixth session in a row

Bharat Mobility Expo may see record industry participation

THE THREE-DAY (February 13) Bharat Mobility Global Expo, at the Bharat Mandapam Convention Centre, Pragati Maidan, will see participation from 28 major automakers and more than 600 auto component manufacturers.

iPhone shipments top 10-mn mark

EVEN AS THE overall smartphone market growth was flat in 2023, Apple's iPhone shipments to retail outlets or carriers during the year crossed 10 million units, data from Counterpoint Research showed on Wednesday.

Mercedes-Benz hits 1,000 EV sales mark

Average ex-showroom price for EVs is ₹1.55 cr

Dabur net profit rises 8% to ₹514 crore on rural demand

CONSUMER GOODS MAJOR Dabur saw third-quarter net profit and revenue rise, amid a bounce back in rural demand, which was ahead of urban demand by 200 basis points.

Maruti Suzuki Q3 profit up 33%

Optimal product mix, higher realisation and volumes drove growth

PM: Interim Budget to provide guidance for inclusive growth

THE INTERIM BUDGET to be presented in Parliament on Thursday will have some \"guiding points\" for the country's economic growth trajectory, Prime Minister Narendra Modi said on Wednesday, adding that the \"journey of inclusive development\" would continue.

Ex-finance secretary Jha among 4 new members of 16th Finance Commission

THE UNION GOVERNMENT on Wednesday appointed three fulltime members, including former finance and expenditure secretary Ajay Narayan Jha for the 16th Finance Commission, headed by former Niti Aayog vice chairman Arvind Panagariya.

Export of petroleum products falls to 15-month low in Jan

Shipments held back amid Red Sea tensions

GST collections in January rise to ₹1.72 trn, second-highest ever

Gross tax revenue up 14.3% in April-Dec, against BE of 10%

Core sector growth eases to 14-month low in December

On a month-on-month basis, the output increased 5.9%

Govt slashes import duty on mobile phone parts

A DAY AHEAD of the interim Budget, the government on Wednesday cut the import duty on several components used in manufacturing of mobile phones from 15% to 10%.

Wipro to axe hundreds of staff

Move aimed at improving margins

RBI cracks the whip on Paytm bank

THE RESERVE BANK of India (RBI) on Wednesday severely curtailed the operations of Paytm Payments Bank (PPBL) by barring it from accepting fresh deposits or doing credit transactions after February 29.

Now, Dravid's India to seek inspiration from Bazball: Shun fear, embrace risk

SHORTLY AFTER INDIA'S batting line-up combusted against a debutant spinner in Hyderabad, head coach Rahul Dravid spoke about the shots that would have worked on pitches like this on Day 4.

Govt seeks service in EFTA inclusion trade deal

INDIA HAS SOUGHT investment commitments from Switzerland under the proposed free trade agreement with the four-nation EFTA bloc, a top government official said on Tuesday.

Red Sea woes hurting Asian fuel exports

EVEN AS WEST-TO-EAST crude oil flows-mainly Russian oil headed to India and China-via the Suez Canal have not been majorly impacted by the Red Sea troubles, refined petroleum product exports to Europe through the crucial trade route have seen disruptions, according to commodity market analytics firm Kpler.

LIC shares close at highest since IPO

IT'S TAKEN ALMOST two years but a 75% rally since late March has brought investors who purchased shares of Life Insurance Corporation of India in the nation's biggest initial public offering close to recovering their investment.

'Emami will focus on food & paper in 2024'

Last month, Kolkata-based Emami Group roped in McKinsey & Co to help it identify new growth opportunities. In this interview to Akanksha Nagar, the group's promoter directors Aditya VAgarwal and Manish Goenka discuss ambitions and plans for 2024. Edited excerpts:

Buffett's investment a double-edged sword

WARREN BUFFETT CAN cause executives angst when he invests in their companies.

UPS to cut 12k jobs, bring workers in 5 days a week

Shipping firm forecast a 2024 upswing of 1.1%

Ex-Pak PM Imran Khan gets 10-yr jail in state secrets case

A PAKISTAN COURT sentenced Imran Khan to 10 years'jail on Tuesday for leaking state secrets, his party said, the harshest sentence the former prime minister and cricketer has ever received and coming just days before national elections.

Aadhar may file $650-mn IPO papers in three weeks

BLACKSTONE-OWNED AADHAR HOUSING Finance is targeting an up to $650 million initial public offering (IPO) at a valuation of up to $3 billion, two people with direct knowledge said on Tuesday

Chandra comments on raising Zee stake under Sebi scrutiny

Founder said promoter family may increase shareholding to 26%

Adani Total profit up 17.6%

Strong CNG sales fuel rise in profit

Fidelity cuts Meesho valuation further

US-BASED ASSET MANAGER Fidelity has marked down its holding in e-commerce startup Meesho by 33.6%, resulting in a current valuation of $3.25 billion, its monthly disclosure released on Monday said.

5G rollout hinges on monetisation, fundraise, says Vi

VODAFONE IDEA CHIEF executive officer Akshaya Moondra on Tuesday said the company's 5G rollout will become clear once there is clarity on fundraising plans as well as monetisation of services.

ITC's cigarette business fails to light up in Q3

DIVERSIFIED CONGLOMERATE ITC reported a muted financial performance for the December quarter (Q3FY24), with its core cigarette business that contributes around 4045% to revenue and 80% to the profit witnessing a subdued growth.

L&T profit rises 15%, misses estimates

ENGINEERING AND INFRASTRUCTURE conglomerate Larsen & Toubro (L&T) reported a 15.4% rise in consolidated net profit at ₹2,948 crore for the quarter ended December, on strong orderbook inflows and execution momentum. However, it missed Street estimates of net profit of 3,246 crore.