CATEGORIES

ABB buys Siemens Gamesa's power unit

Siemens Gamesa said on Wednesday that it is selling its power electronics arm to ABB, including its Indian assets for an undisclosed sum.

Dalmia Bharat on tough terrain as sectoral woes hurt

As the cement sector struggles with muted prices, some firms may feel more heat than others.

Shriram Fin raises $1.28 bn in record offshore loan

The loan adds to this year's rush of offshore debt sales by Indian shadow lenders after RBI tightened rules

Thursday set for big move as option traders pile up huge bets

Market sentiment turned extremely bearish, coinciding with US Fed policy and ahead of the weekly Nifty expiry on Thursday, as traders sold a record value of market-wide calls relative to put options.

IDFC needs many stars to align

Cost pinch IDFC First Bank's elevated cost-to-income ratio and credit costs put pressure on its profit

RBI dials down on NDFs to fight dollar

The central bank has started to rein in its ballooning non-deliverable forwards (NDFs) book, according to people familiar with the matter, shifting away from one of its key tools to push back against the strong dollar.

One Mobikwik up 90% on debut

The stock began the trade at ₹442.25, reflecting a jump of 58.51% from the issue price on the BSE

Rupee hits new low of 84.96 on merchant dollar bids

The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said.

Welspun One plans to raise ₹4,000 cr

Logistics and industrial real estate manager and developer Welspun One on Wednesday said it plans to raise ₹4,000 crore to double its portfolio size to 32 million sq. ft by 2028 from the current 16 million sq. ft.

Sorenson, others put in $30 mn into Bureau

Bureau, a business-to-business (B2B) focused identity verification and fraud protection platform, has raised $30 million in Series B funding led by American venture capital firm Sorenson Capital, a top executive told VCCircle on Tuesday.

GIC picks majority stake in Asia Healthcare

GIC will invest an additional $150 million in Asia Healthcare Holdings ahead of a potential initial public offering

GSV Ventures looks to invest in Indian edtech firms in 2025

The company had invested about $90 million in over 10 Indian startups till February 2023

GDP growth to accelerate to 6.6% in FY26: India Ratings

India Ratings and Research on Wednesday said that the country's economic growth is likely to accelerate to 6.6% in the financial year starting 1 April, from 6.4% it has projected for FY25.

Tax relief for cos: SC says small coconut oil packs are edible oil

The Supreme Court (SC) on Wednesday ruled that coconut oil in small bottles of up to 200ml should be classified as edible oil for taxation purposes, resolving a 15-year-long legal dispute between the excise department and manufacturers.

Bomb threats: Govt amends aircraft security rules

Against the backdrop of the recent spate of hoax bomb calls targeting airlines, the government has amended the aircraft security rules whereby perpetrators can face penalties and could even be barred from flying.

Agri loan limit hike may ease bank stress

The Reserve Bank of India's (RBI) recent decision to raise the limit on collateral-free agriculture loans was likely taken to ease the stress being faced by banks in their farm loan portfolios over the past two quarters, and to nudge them to get their books in order.

Karnataka's planned mineral tax stumps iron ore miners

NMDC, Vedanta, Sandur—largest operators of pre-auction-era mines in state—to face brunt

Kendrick tops Apple Music's 2024 song chart

'Not Like Us' is Kendrick Lamar's first No. 1 on the year-end global chart

A new creative platform for Himalayan communities

A new festival hopes to create a common platform for craft, art and heritage of communities from the Himalaya

India's GDP shocker: Bad news can sometimes be good

A tango of fiscal and monetary policies can do the trick and give India's economy the fillip it needs

India's insolvency code is a vital growth enabler: Let's enhance it

This reform would perform better if we adopt technology for processes, clarify legal principles and close cross-border gaps

The US Fed must rethink the way it exercises its authority

Clarify quantitative tools and shift the rate targeted by Fed policy

Australia's social media curbs are worthy of emulation

Barring under 16s from social media will at least spotlight the harm these platforms are doing them

Banking reforms must show greater ambition

Tweaks in Indian banking laws are welcome, but this sector needs a structural shift. Much more credit must go to small needy businesses, while big firms raise funds by issuing bonds

THE ELEPHANT IN THE ROOM: WHY YOUR TAX REFUND IS UNEXPECTEDLY DELAYED?

The primary issue is the backlog of over 580,000 cases before (appeals) commissioner

Cricket decisions to self-driving car deaths: Spot the AI paradox

Human biases lead to frequent failures but we expect technology systems to be entirely error-free

From clutter to clarity: How a jeweller fixed his finances

Here's how a fixed-fee advisory rejigged Kesarwani's portfolio of 27 MFs, 9 insurance policies

How to build a ₹1-cr education fund for my children in 12 yrs?

I'm 35, planning to invest ₹50,000 monthly for my kids' higher education in 10-12 years, aiming for ₹1 crore. Should I focus on equity mutual funds, debt funds, or a balanced mix? What's the ideal asset allocation, and which funds or strategies must I consider? Should I review and adjust my portfolio periodically amid market volatility? —Pratik Sharma

Byju's exec faces US court sanctions

The chief content officer of troubled edtech firm Byju's and an ally of the company's founder face financial sanctions in the US for their roles in stripping software, cash and other assets from businesses under court supervision.

Star Cement plans capacity expansion

Northeast-based Star Cement on Wednesday said it plans to expand its capacity by an additional two million tonnes through a greenfield project in Assam's Silchar at a cost of ₹400 crore.