CATEGORIES

Germany's KfW offers offshore wind power expertise to India

The bank has also been approached to aid India's National Green Hydrogen Mission

A year of strong equity returns; build a well-diversified portfolio

Gold delivered double-digit returns in 2023; experts expect debt to catch up in the year ahead

Retail investors cash out for F&O play

Despite the higher risks in derivatives and great returns from stocks, India's retail investors are doubling down on futures and options

Aditya Birla Group HR head Misra takes early retirement

Santrupt Misra, director, group human resources (HR) at the Aditya Birla Group, has decided to move on after nearly three decades at the Kumar Mangalam Birla-led textile-to-cement conglomerate.

NBFCs will have to diversify funding sources in 2024

Issuances of commercial paper and bonds by non-bank lenders have started gathering pace

In 2023, India clocks fewest FPI registrations in a decade

167 offshore funds opened shop in the country, down from 604 last year, shows Sebi data

Adani Green finalizes JV with TotalEnergies, raises $300 mn

Adani Green Energy Limited (AGEL) announced on Wednesday that it had finalised its 1,050-megawatt joint venture (JV) with TotalEnergies.

Adani Energy aims to expand in Gujarat

India is looking to increase its non-fossil fuel power capacity to 500GW by 2030, from 186GW now

Kellogg's India sets sights on doubling household reach

Currently, Kellogg's ready-to-eat cereals make their way into around 25 mn households in India annually

Firms resurrect covid alert but stop short of WFH move

Cos bring back internal covid management teams, ask them to monitor cases in employees

Central bank announces 2-day repo as overnight rates stay high

India's central bank will conduct a variable rate repo (VRR) auction for a third time in less than two weeks later on Wednesday as liquidity conditions stay tight and overnight rates remain elevated.

NSEL case: Sebi cancels Nirmal Bang Commodities' regn

Capital markets regulator Sebi on Wednesday cancelled the registration of brokerage house Nirmal Bang Commodities for facilitating its clients to trade in illegal 'paired contracts' on the now defunct National Spot Exchange Ltd.

Capital goods rally may pause now

Capital goods stocks have significantly benefited from the optimism surrounding the 2024 general elections. The S&P BSE Capital Goods Index has rallied a whopping 66% so far in 2023, reflecting the enthusiasm around the government's increased focus on infrastructure and allied projects. But is there more steam left in this rally? Depends on the earnings performance and continuity of order inflows momentum

Sixth Sense bets on spice maker Pushp

Sixth Sense Ventures, the consumer-focused venture capital fund that has supported companies such as Bira91, Giva, Neeman's, Shop Kirana, Parag Milk, and ADF Foods, among others, is venturing into the spices category with an investment from its third fund.

'Pharma cos prioritizing tech for growth'

ZS, a US-based tech services and consulting firm, has a significant India presence, with around three-fourths of its workforce and four-fifths of its research-based across five offices here.

'Long-term funding for deep tech startups on the cards'

India aims to be globally competitive in technology, space, defence, energy, medical sciences

China's Xi touts alternative to western capitalism in speech on Mao

Chinese President Xi Jinping used a speech remembering Mao Zedong to push a framework the current leader rolled out recently to counter the West's capitalist model.

Cabinet clears 2 infra projects

The Centre on Wednesday approved two infrastructure projects, allocating about ₹5,000 crore. It also sanctioned a higher minimum support price (MSP) for copra (dried coconut) for the upcoming 2024 season.

'IntelliSmart to provide data analytics services to discoms'

With the government aiming to transform India’s power distribution sector and boost its fiscal health, IntelliSmart Infrastructure Pvt Ltd, backed by state-run EESL and National Investment Infrastructure Fund (NIIF), plans to commercially roll out its data analytics services for power distribution companies (discom) next year.

India aims to bolster military tech, energy ties with Russia

Jaishankar-Lavrov also hold discussions to advance the Kudankulam Nuclear Power Project

Gentari, 2 others eye Stride deal

India's renewable energy space has received $6.14 bn of investments over the past three fiscals till September 2023

Finolex feud sparks ouster of 2 directors

Another instance of promoter infighting affecting board composition at a listed entity happened at Hikal

Centre may bring export review for all farm produce

Exports of all farm commodities may come under the government lens soon, a move that aims to cool domestic prices but may spark global food security concerns.

Stocks at new high; volatility jumps too

An outperformance in large-cap stocks drove the Nifty and the Sensex to fresh highs on Wednesday, as both foreign portfolio investors (FPIs) and direct retail investors stepped up buying. However, volatility index India Vix—which normally rises when markets fall and vice-versa—rose to a 10-month high, likely signalling trader discomfort at record high levels.

RBI calls for stronger bank balance sheets

Improved asset quality, high credit offtake key to FY23 growth

5 Things We Learnt From Cricket In 2023

One of cricket's many allures is that it's an allegory of life. What we learn from playing or watching the game can apply to our everyday lives, work, and personal growth. In that context, here are five takeaways from a year of great cricket in 2023.

Apple Appeals After US Govt Allows Ban On Watch Imports

Apple has paused the sale of its Series 9 and Ultra 2 smartwatches in the US since last week

Israel Bombards Refugee Camps In Central Gaza

Israeli forces bombarded Palestinian refugee camps in central Gaza and issued orders telling residents to evacuate the area on Tuesday, signs that the military plans to expand its ground offensive into another section of the besieged territory. Gaza's main telecom provider, Paltel, announced another "complete interruption" of services.

Five Focus Areas For India In Tech Next Year

The new year will likely see more policies to regulate the tech scene

JN.I is not the only variant causing covid spike, say experts

India reported 412 new covid cases on Tuesday; three deaths in Karnataka