CATEGORIES

Blackstone's Mphasis deal rescues PE firms

● Venture capitalists double earnings to $4.06 billion

One nation, one poll Bills introduced in Lok Sabha

● 269 vote for and 198 against their introduction

NHPC aims to have installed capacity of 50 GW by 2047

A state-run hydropower company, NHPC, plans to raise its total installed capacity to 23 gigawatts (GW) by 2032 from its current capacity of 7.2 GW.

Ahead of talks with Doval, China ready to enhance mutual trust

As National Security Advisor Ajit Doval reached Beijing for talks on Wednesday between the Special Representatives of the two countries, China said Tuesday it is ready to work with India to \"deliver on important common understandings reached between our two leaders\" and \"enhance mutual trust and mutual confidence\".

Q2 a blip, growth to pick up again: FM

The economic growth slowdown in the second quarter of the current financial year was a blip due to a slower pace of spending, but the coming quarters will likely see healthy growth, finance minister Nirmala Sitharaman said on Tuesday.

CBDT issues fresh FAQs on tax dispute resolution

THE CENTRAL BOARD of Direct Taxes (CBDT) on Tuesday published a fresh set of FAQs on the Direct Tax Vivad se Vishwas scheme in response to additional queries received by it.

DHL, 2 more shortlisted for e-comm export hubs

● Initial centres will come up in Mumbai, Delhi and Bengaluru

No more duty-free import of items for solar power: CBIC

TO PUSH DOMESTIC manufacturing, the government has withdrawn a scheme which permitted duty-free import of goods for solar power generation.

LG eyeing up to $15 billion valuation for India unit IPO

LG Electronics is considering increasing the valuation of its Indian unit to as much as $15 billion in a planned listing in Mumbai next year after initial feedback from analysts and investors, according to people familiar with the matter.

Pakistan cuts interest rates to lowest in over 2 years

PAKISTAN'S CENTRAL BANK cut its key policy rate by 200 basis points to 13% on Monday, it said in a statement, its fifth straight reduction since June to revive a sluggish economy.

Dabur to leverage new launches

Plans to acquire new customers, boost order frequency

Long-term outlook positive for cement sector

CEMENT SPREADS INDICATE a slight improvement amid stable cement prices.

The Swiss confusion

Constantly varying interpretations of treaty provisions can potentially dent India's image

Urban growth takes a toll

TOLLING IN WHAT HAVE BECOME ARTERIAL ROADS IN CITIES GETS A PUSHBACK FROM CITIZENS

Upgrade cross-border payments

With India being the world's largest recipient of remittances since 2022, the urgency to modernise its payment systems has never been greater

'High reinsurance costs a bigger worry for life insurers'

Aditya Birla Sun Life Insurance (ABSLI), which ended FY24 with around ₹17,500 crore in gross written premiums (GWP), aims to double its business in the next three years. In a conversation with Kamlesh Rao, MD & CEO

Despite CRR cut, call rates jump above MSF

TOUGH ROAD AHEAD

RBI governor urges colleagues to strive for perfection

RBI GOVERNOR SANJAY Malhotra on Monday urged staff to aim for perfection in their duties, emphasising continuous improvement as the institution enters a new era.

Advance tax receipts rise 17% in Q3

DIRECT TAX COLLECTIONS have reached 71.5% of the annual target by December 15.

79% firms may raise AI spending in 2025

AS MANY AS 79% of surveyed organisations are planning to increase their AI budgets in 2025, an increase of 41% from 2024, driven by confidence in its return on investment the technology is poised to bring, said cloud-based software-as-a-service company Freshworks’ AI Workplace Report.

2024 to end with record office space leasing: Report

INDIA'S OFFICE LEASING market is expected to achieve a milestone in 2024, with gross leasing volumes (GLV) projected to reach 83-85 million sq ft, marking a 13% year-on-year increase over the previous peak in 2023, a report said on Monday.

Blackstone emerges top bidder for Haldiram deal

A CONSORTIUM LED by Blackstone has emerged as the preferred bidder for a minority stake in Haldiram Snacks, sources following months of negotiations on a potential deal.

Trade deficit widens to record high

THE UNIT PRICE of petroleum products exported from India fell to $627.16 per tonne in April-October this year from $800 per tonne in April-October 2023.

Adani, Ambani drop out of elite $100-billion club

HE'S BEEN FIGHTING to shore up investor confidence after short seller Hindenburg Research last year published a report accusing the firm of fraudulent practices.

Dixon's FY25 smartphone volumes may hit 30 mn

• Benefit of JV with Vivo to be seen in FY26, says firm

Lack of skills, data complexity hindering AI adoption in India

As Indian enterprises increasingly adopt artificial intelligence (AI), significant barriers such as a lack of expertise, insufficient tools, and data complexity remain. IBM India & South Asia managing director Sandip Patel talks to Jatin Grover about how small AI models are driving cost efficiency, IBM's role in chip design, and evolution of AI adoption in India. Excerpts:

₹16K cr needed for charging infra by '30: Report

INDIA REQUIRES AN estimated capital expenditure of ₹16,000 crore to meet the increasing demand for public EV charging infrastructure and achieve its target of over 30% vehicle electrification by 2030, a Ficci report released on Monday said.

EV penetration slow as costs, lack of charging infra weigh

THE PENETRATION OF electric vehicles (EVs) in India is running significantly behind schedule, with most segments failing to reach even the 5% market share level.

Swiss tax action won't impact trade commitments: Official

THE DECISION OF Switzerland to suspend the most favoured nation clause in its Double Taxation Avoidance Agreement with India will not have any impact on the investment commitments under the Trade and Economic Partnership Agreement that the European Free Trade Association (EFTA) has signed, commerce secretary Sunil Barthwal said on Monday.

Won't allow use of our territory against India's interests: Lanka

PRESIDENT DISSANAYAKE'S FIRST BILATERAL VISIT TO INDIA