CATEGORIES

Govt offers 27 coal blocks in auction

The government will offer 27 coal blocks across various states as it launches the fresh round of commercial mine auction today.

Citigroup faces $26 million in losses on Australian block trade

Citigroup Inc. is facing potential losses of as much as A$41 million ($26 million) after it was unable to fully sell a block of shares in Australia's Goodman Group it had underwritten for China's sovereign wealth fund, according to people familiar with the matter.

Antler India plans to invest ₹211 cr in 2025

Venture capital firm Antler India is planning to invest $25 million, or about ₹211 crore, in 50 startups in 2025, the company said on Wednesday.

Kotak aims to raise ₹2K cr pvt credit AIF

Kotak Mutual Fund is targeting to raise up to ₹2,000 crore through its maiden private credit alternate investment fund (AIF), a senior official said on Wednesday.

Rajya Sabha clears Boilers Bill, 2024

The Rajya Sabha on Wednesday cleared a bill to provide for the regulation of boilers, safety of life and property of persons from the danger of explosions of steam-boilers and uniformity in registration.

Pure EV to expand dealerships by 250

Electric two-wheeler maker Pure EV on Wednesday announced plans to open 250 dealerships pan-India over the next 30 months as part of a road map to strengthen its presence nationwide and expand globally.

IBA raises concerns over likely tax hike

The Indian Beverage Association (IBA) on Wednesday expressed concern over the potential increase in the goods and services tax (GST) rate on aerated drinks.

Airtel and Ericsson ink equipment deal

Bharti Airtel on Wednesday signed a \"multi-billion\" dollar deal with Swedish telecom equipment maker Ericsson to boost its 4G and 5G coverage in the world's second-largest smartphone market.

Fadnavis to be sworn in as Maharashtra CM today

Swearing-in ceremony will be held in the presence of PM Narendra Modi

How painful will Trump's tariffs be for American businesses?

Their options range from hoarding goods and raising prices to rewiring supply chains

'Conservative lending, CASA growth priority'

DCB Bank plans credit cards against fixed deposits, avoids risky lending

Careful in tax chase, revenue secy Malhotra tells officials

To be sure, India has set an indirect tax collection target of ₹16.2 trillion for the current financial year

Saudi Arabia is losing its iron grip on global oil markets

Crude output in the Americas has already helped slash the OPEC+ slice of global supplies to some of its lowest levels

Medusa Beverages eyes ₹120 cr for new beer plant in FY26

Medusa Beverages Pvt. Ltd, the company behind the Medusa beer brands, aims to double its volumes by FY26 through a capacity expansion planned in Punjab in the coming fiscal year.

Kuwait explores storing oil in Indian strategic reserves

Gulf nation-run firm expresses interest in leasing space from local entity operating caverns

Honda weighs cleaner models to meet tougher CAFE norms

Honda said it is optimistic about the Indian government's goal of 30% vehicle electrification by 2030, though it anticipates the actual figure might settle closer to 15-17%.

Independent artistes struggle to collect royalty payments

Artiste managers and entities are educating artistes on tracking their performance and data on streaming platforms

Pernod's internal probe concludes its top India officials broke law

Representatives of Pernod Ricard have denied collusion with alcohol retailers both in court and publicly

Haier India draws interest from more strategic players

Chinese household appliances maker Haier Smart Home Co.'s Indian unit has attracted interest from local strategic players as well as foreign investors, two people aware of the development told VCCircle.

Swiggy needs Instamart to rev up

Swiggy Ltd's first post-listing quarterly results show that it has almost matched Zomato Ltd's growth on a quarter-on-quarter (Q-o-Q) basis.

Home decor companies struggle to shake off woes

Investors of listed home decor or building materials stocks are sitting on losses, with shares correcting from 52-week highs. These firms continue to struggle with challenges ranging from muted volumes, weak realizations to rising input costs.

StanChart focuses on India, China in new wealth assets push

Standard Chartered (StanChart) will target $200 billion in new assets and double-digit growth in income from its wealth business over the next five years, as part of its wider strategy to shift to higher-fee-earning businesses.

Rupee hits record closing low

The rupee was unable to benefit from gains in most of its Asian peers, including the offshore Chinese yuan

10-year bond yield at 3-year low on bets of policy easing

Indian government bond yields declined on Wednesday, with the 10-year benchmark yield falling to its lowest level in nearly three years, on rising optimism over monetary policy easing from the Reserve Bank of India (RBI) this week.

Not mandatory to register as SDP: Sebi

In a clarification, Sebi cited the confusion about the obligation of digital platforms to be recognized as SDPs

RIL's genomic test co Strand looks at tier-II, -III markets

Genomic testing has been rising in diagnosis, mainly among tertiary specialists in metros and tier-I cities

Vodafone to exit Indus Towers, repay its debt

Remaining 3% stake to be sold through an accelerated book build offering

Garment makers wary of GST rate hike on readymades

A GST hike on readymade garments could dampen the wedding season.

eMaap portal to ease regulatory burden on traders

The department of consumer affairs is set to launch a portal to streamline trade processes, ensure consumer protection and promote transparency in market transactions.

India's services sector growth falls marginally in November

India's services sector growth fell slightly in November from the previous month, owing to a drop in growth of new orders and output, a survey released on Wednesday showed.