CATEGORIES

'In 2024, you'll see higher valuations for better companies'

Early-stage venture capital firm 8i Ventures, which has backed M2P Fintech, Slice and Blue Tokai, marked the first close of its $50 million second fund in 2022 via commitment from high-net-worth individuals and family offices of Salgaocar and DSP group's Kotharis.

Nuvama-Cushman JV to raise ₹3K cr for local investments

Nuvama Wealth Management's asset management division and global commercial real estate services company Cushman and Wakefield will join forces to invest in prime office space across high-growth markets in India.

Actis starts 2024 with $229 million monetization plan

Private equity firm Actis, which had a rather quiet 2023 in India after a hectic 2022 with deals worth over $1 billion, has started the New Year with its move to monetize its biggest bet in the country.

Streaming, influencers tie up for ad-led model

The idea is to cater to the youth, while adopting a cost-effective strategy

Estonia urges India to explore oil shale

India has looked at collaborations with Estonia in IT, block chain technologies, cyber security and other fields

India signs cooperation pacts with the UAE, Czech Republic

India signed a slew of bilateral cooperation agreements with the United Arab Emirates and the Czech Republic at the Vibrant Gujarat summit.

Govt scraps $600 mn plan to top up strategic oil reserves

India's finance ministry has scrapped a ₹5,000 crore ($602 million) plan to top up the nation's strategic crude oil reserves, given market volatility and the prospect of a further decline in prices.

Food processing likely to see budget cut as utilization falls

Ministry sees low expenditure in FY24 so far; may get a budgetary allocation of ₹3,087 crore

E-way bills rise as businesses push goods in December

The number of e-way bills or electronic permits for shipment of goods generated within and across states increased to 95 million in December, up from 87.5 million in November as businesses pushed goods into the supply chain in the last month of the third quarter.

Stars to shine at Mint BFSI Summit and Awards today

Reserve Bank of India (RBI) governor Shaktikanta Das will deliver the opening keynote address at the Mint BFSI Summit and Awards on Thursday, flagging off a full day of intense deliberations, debates and conversations around the theme of financial wellness in a changing world.

Zerodha entry lifts BSE's options game

Clients of India’s largest stock broker Zerodha are one of the driving forces behind BSE’s growing success in the derivatives segment since May 2023, after the exchange’s two decades of attempts to gain market share went in vain, people aware of the matter said.

Zee likely missed $200 mn cricket fee date to Disney

Zee Entertainment Enterprises Ltd has missed a deadline to pay $200 million to Walt Disney Co.'s India unit for TV rights of cricket matches, according to people familiar with the matter, as the firm tries to preserve cash ahead of a likely collapse of its mega-merger with Sony Group Corp.

Inflation likely to have crept to 5.9% in Dec: Mint poll

India's retail inflation likely rose for the second straight month to 5.9% in December 2023 mainly on account of an unfavourable base effect, according to the median estimate given by 19 economists in a Mint poll.

Latest Dirty Word In Corporate US: ESG

Many companies no longer utter these three letters: E-S-G. Following years of simmering investor backlash, political pressure, and legal threats over environmental, social, and governance efforts, a number of business leaders are now making a conscious effort to avoid the once-widely used acronym for such initiatives.

AI eyed to stem red onion rot

The government fit warehouses plans to with Al-based tools to try and keep onions from rotting in storage. Wastage of the kitchen staple is estimated at 11,000 crore annually around one-fourth of rabi onions, or onions sown during winters, rot in conventional storage facilities, two officials said.

A grace note for Naomi Osaka

The four-time Grand Slam winner Naomi Osaka is back for the Australian Open after a long layoff from international tennis

Five years of India's fiscal policy: Much of it is truly commendable

Union budgets have done a worthy job under tough circumstances although our public debt burden now requires reduction

India's K-shaped revival is a rather resilient story

A report by SBI Research aims to debunk the notion of a rich-versus-poor divergence in how we have fared but the overall weight of evidence doesn't justify rejecting the K hypothesis

Can NRIs execute a tenancy agreement through SPAS?

Can anon-resident Indian NRI, who owns several properties in India but is not able to visit the country often, execute a tenancy agreement through aspecial power of attorney SPA) holder.

Janus Henderson eyes India's funds industry

Janus Henderson Group Plc is on the lookout for deals to expand its asset management business into India, as the country's booming stock market and heady growth attract more and more attention from global investors.

Hedge funds look to target ESG lapses for mega returns

These funds are backing litigation against broken environmental pledges, corporate misdeeds

PM NARENDRA MODI INAUGURATES 'VIBRANT GUJARAT GLOBAL TRADE SHOW 2024'

Chief Minister of Gujarat Bhupendra Patel, President of Mozambique Filipe Jacinto Nyusi and President of the Democratic Republic of Timor-Leste José Ramos-Horta were present at the inaugural event. The Global Trade Show will be open for business visitors from January 10-11 and for the general public from January 12-13

Maldives Prez courts Chinese investors amid tense India ties

Chinese firms invested 1.37 bn in the Maldives since its decision to join BRI in 2014

ICICI hires bankers to handle funding boom

India's second-largest private lender ICICI Bank Ltd. is on a hiring spree, anticipating that fundraising by companies will hit a record high this year and next.

Indian media set for shake-up

Viacom18-Disney merger, clarity on Zee-Sony deal could reshape the entertainment ecosystem in 2024

Bots storm BPOs, but hiring on the rise for complex jobs

Companies are hiring in bigger numbers for more sophisticated work that bots cannot do

Renault in revamp mode in India: CEO

Renault is revamping its existing products in India, adding new features to an ageing portfolio of small cars and compact sports utility vehicles before it invests in launching brand-new models here, in an interim plan that will help the French carmaker achieve a \"double-digit\" growth in 2024, a top company official said.

FIU action bodes ill for local crypto exchanges

FIU has asked Binance, 8 other exchanges to file statements with I-T dept

Moody's downgrades Vedanta as bond rejig imminent

Moody's downgraded the credit rating of Vedanta Resources Ltd (VRL), the London-based parent of Vedanta Ltd, as the company goes ahead with its bond restructuring exercise that will delay its immediate debt obligations.

Nykaa's fashion biz to add more glitter in December quarter

FSNE-Commerce Ventures Ltd's wardrobe is seeing an upgrade. The fashion business of the parent company of Nykaa is likely to put on a better-than-expected show for the second consecutive time in the December quarter (Q3FY24).