CATEGORIES

SAT quashes Sebi penalty on NSE in dark-fibre case

THE SECURITIES APPELLATE Tribunal (SAT) on Thursday quashed the Sebi's order imposing a fine of ₹7 crore on the National Stock Exchange (NSE) in the dark-fibre case. The tribunal has also set aside a fine of ₹5 crore levied by Sebi on the exchange's former official Anand Subramanian. Further, it has partly set aside the regulator's order against former MD and CEO of NSE Chitra Ramkrishna, ex-official Ravi Varanasi and a few stock brokers, among others.

AT $300-MN VALUATION - Tata Capital eyes stake in Rare Rabbit

TATA CAPITAL is looking to purchase a roughly 13% stake in premium domestic fashion brand Rare Rabbit at a valuation of $300 million, as it seeks to bet on the country's affluent shoppers, three sources familiar with the matter said.

Hero MotoCorp appoints Vivek Anand as new CFO

HERO MOTOCORP ON Thursday appointed Vivek Anand as the chief financial officer (CFO) and Rachna Kumar as the chief human resources officer (CHRO). They will report to Niranjan Gupta, CEO, Hero MotoCorp.

Harsh Vardhan Lodha win court battle against Birlas

To continue as chairman of MP Birla group

Google pitches for flexible AI norms

Says the one size fits all’ approach will hinder innovation

= UK DFI extends funding to NBFCs

BRITISH INTERNATIONAL INVESTMENT (BII), the UK's development finance institution and impact investor, has extended funds to micro enterprises lender Aye Finance and affordable housing company Sewa Grih Rin (Sitara).

Reddy orders probe into benefits to L&T Metro Rail

TELANGANA CHIEF MINISTER A Revanth Reddy has ordered the Hyderabad Airport Metro plan and related works to be put on hold and asked officials to prepare alternative routes that are cost-effective.

Share of coal-based power to fall to 23% by 2030: Minister

Work on to add 24K MW of hydro capacity, he says

WPI inflation spikes to 8-month high of 0.26%

Costlier vegetables push WPI in positive territory in November

TOT a money spinner for NHAI

IRB and Cube emerge highest bidders for two bundles of highways

Essar inks ₹55k-cr pacts with Gujarat

ESSAR GROUP HAS signed three agreements with the Gujarat government to invest ₹55,000 crore across port, power and energy transition, and create more than 10,000 jobs.

$3.1-bn repayment: Vedanta plans rejig

LONDON-HEADQUARTERED VEDANTA RESOURCES has sought investors' approval to extend the maturity date of its $3.15-billion dollar bonds, even as it secured a $1.25-billion new funding to repay part of the debt. The company has also offered to pay $779 million in February for notes due in 2024 and 2025.

Mubadala, APG eye CPPIB's 50% in IndoSpace JV

Oxford Properties, CDPQ also in race for $700-mn deal

Early Santa Claus rally

Markets sizzle on Fed's dovish pivot

5 Big Promises Made At Annual UN Climate Talks

200 NATIONS AGREED TO FIGHT CLIMATE CHANGE IN 2015

Export-oriented green hydrogen projects may get fiscal support

THE GOVERNMENT IS looking at a demand to amend a rule that prevents renewable energy plants set up for captive consumption in Special Economic Zones (SEZs) from receiving tax breaks.

India's T20 story: Batsmen devoid of bowling, bowlers lacking batting

HOW MANY PLAYERS are there in a cricket team? The literal answer is unquestionably 11.

PE major Bain Capital sells $448-mn stake in Axis Bank

PRIVATE EQUITY FIRM Bain Capital has sold a stake worth $448 million in private lender Axis Bank in a block trade on Wednesday, according to a term sheet seen by Reuters.

Acer to expand into AI PCs & e-mobility

MAKE-IN-INDIA COMMITMENT AT CORE OF PRODUCT LINE EXPANSION

'Netanyahu must change, or lose global support'

DIVISIONS BETWEEN PRESIDENT Joe Biden and Israeli Prime Minister Benjamin Netanyahu over the conflict in Israel spilled into public view, with the leaders' competing visions for the post-war Gaza Strip underscoring a deepening split between the allies.

COP28 signals role for gas in transition to clean energy

Gas has been heralded by the industry as the cleanest fossil fuel

Rupee hits new closing low on Fed meet eve

THE RUPEE PLUNGED to its record closing low on Wednesday as an uptick in the dollar index pressured the unit ahead of the US Federal Reserve's monetary policy decision. The rupee ended at 83.41 against the dollar, compared with the close at 83.3875 on Tuesday.

Aiming to bridge digital divide: Bhashini CEO

BHASHINI, INDIA'S LANGUAGE database platform, is working on collecting data sets in regional languages, which is essential to bridge the digital divide and gaps in terms of technology, Amitabh Nag, chief executive officer of Bhashini, told FE.

Adani firms' cash reserves rise 14% to ₹45,895 cr

Net debt of the Adani Group companies declined by 3.6% in the first half of FY24

'Free streaming of ICC World Cup on mobile phones worked for us'

For Disney+ Hotstar, cricket brought good fortune this year as both audiences and advertisers lapped up the Asia Cup, Indian Premier League (IPL) and the ICC Cricket World Cup. Besides cricket, the platform has also created a library showcasing over 100,000 hours of content, said Sajith Sivanandan, head, Disney+ Hotstar, in an interview with Anushree Bhattacharyya. Edited excerpts:

Frustated over no job, says families of accused

AT LEAST THREE of the four people picked up in connection with the Lok Sabha security breach are unemployed, with the families of two saying they were despondent over not getting a job.

MPs recall: In 2001, there was panic

MEMBERS OF PARLIAMENT who were present in the Lok Sabha when a terror attack was carried out on it on December 13, 2001, and also on Wednesday, when there was a major security breach with two men bringing in canisters carrying coloured gas, say the two incidents were very different.

Centre: No import duty relief for EVs

THE GOVERNMENT ON Wednesday said there is no proposal to provide duty concessions for imports of electric vehicles and relax the local value addition norms.

UAE Consensus didn't deliver on its ambition

COP28 PLANNED TO be the most ambitious, but its final outcome significantly fell short. It wanted to be a COP of action, with a report card on progress towards the goals of the Paris Agreement.

COP28 leaves room for India's short-term coal capacity plan

Experts concerned UAE deal being ambivalent about RE financing