CATEGORIES

Galaxy Health rolls out 1st product

Firm backed by Venu Srinivasan and V Jagannathan received regulatory licence in March

Bangladesh crisis casts a shadow over India's medical tourism

The unrest in Bangladesh, which prompted India to recall its staff from Dhaka high commission and temporarily halt visa issuance there, has dealt a blow to medical tourism back home.

Tyre prices may increase in Q3 to offset input cost rise

India's leading tyre manufacturers are likely to hike prices for a third consecutive quarter, aiming to offset the persistent rise in the cost of raw materials, particularly natural rubber.

India Inc capex slowed in FY24

The aggregate private capex in the last financial year 2024 (FY24) slowed down marginally to ₹9.4 trillion as compared to ₹9.5 trillion in FY23, a study conducted by Care Ratings on the annual statements of 1,074 listed non-financial companies showed.

Mankind Pharma pledges 39.68% in Bharat Serums for ₹5K cr NCDs

Health care major Mankind Pharma has pledged 39.68 per cent of its equity in Bharat Serums and Vaccines (BSV), a wholly-owned subsidiary, to Catalyst Trusteeship to secure nonconvertible debentures (NCDs) totalling ₹5,000 crore.

2Ws drive retail sales this festival season but inventory woes persist

Rural demand behind the surge; Fada expects inventory to ease on the back of 4.8 mn weddings

Reliance asks Trai to review reach of Starlink, Amazon

Retail-to-refining giant Reliance has asked the Telecom Regulatory Authority of India (Trai) to review the potential reach of Elon Musk's Starlink and Amazon's Kuiper before awarding satellite spectrum amid concerns local players could suffer, a letter showed on Friday.

Will source chips from India for the world

Taiwan-based MediaTek, a global fabless semiconductor company, is in competition with its main rival, United States-based Qualcomm, across the world as well as in India. FINBARR MOYNIHAN, US-based vice-president (corporate marketing) of the company, tells Surajeet Das Gupta in New Delhi about MediaTek's India strategy, automotive play, and its alliance with Nvidia. Edited excerpts:

RBI may draw up road map for ECL adoption

The Reserve Bank of India (RBI) is expected to drop broad hints for the adoption of the expected credit loss (ECL) framework at Monday's meeting with the boards of private banks in Mumbai.

Only govt can take final call on audit standards

The Solicitor General of India, in an opinion provided to the National Financial Reporting Authority (NFRA), said the Institute of Chartered Accountant of India (ICAI) does not have the power to issue any binding standards or guidelines for audit, according to people in the know.

₹28,677 cr so far: Selloff by FPIs unabated in Nov

No immediate relief expected amid shrinking US-India bond yield spread, subdued earnings

JP Morgan sets up unit in GIFT City for derivative products

JPMorgan Chase & Co, in a first for any global bank, has set up a unit to develop derivative products in India's newest international hub, according to people familiar with the matter.

Brokerages upbeat on Vedanta despite 15% fall

Operational efficiencies, capacity expansion driving analysts' optimism

1 of 4x listed firms paid over 20% of profit to related party as royalty: Sebi study

A study conducted by the Securities and Exchange Board of India (Sebi) has uncovered some alarming trends in royalty payments made by listed companies, with some of them doling out more than 20 per cent of their net profits as royalty to related parties.

Near-term demand woes to keep Samvardhana's margins under pressure

The stock of the largest listed auto component company, Samvardhana Motherson International, has shed about 23 percent of its value over the past month.

New F&O entrants to reshuffle the deck for Nifty 50, Sensex

Newcomers primed to shine, driven by index inclusion hopes

Equity MFs keep powder dry amid volatile markets

Active equity schemes held nearly ₹1.7 trillion in cash at the end of October

Musk's call for $2 trillion spending cut bad for markets: Chris Wood

Billionaire Tesla Chief Executive Officer (CEO) Elon Musk's ambitious plan of cutting at least $2 trillion of federal spending under incoming President Donald Trump's administration will boost the US dollar while hurting stock markets, Christopher Wood, global head of equity strategy at Jefferies, said on Thursday.

FTA SOP OPERA

After years, a standard operating procedure for FTA talks is back on the govt's agenda. How far can it help?

Universal Studios looks to join Excel cast with stake buy

This comes hot on heels of Poonawalla-Dharma deal

Jabil to invest ₹1K cr for setting up electronics unit in Gujarat

The Gujarat government on Thursday signed a memorandum of understanding (MoU) with leading electronics manufacturing services (EMS) company Jabil to set up its EMS unit with ₹1,000 crore investment in Dholera Special Investment Region (DSIR).

'India pipeline significant, we will double it in next three-five years'

InterContinental Hotels Group (IHG) plans to double its portfolio in India due to increased demand and government support. HAITHAM MATTAR, managing director of India, Middle East and Africa, and SUDEEP JAIN, managing director, South West Asia, IHG Hotels and Resorts, in an interview with Roshni Shekhar in Mumbai shed light on their growth plan in India and expansion of the group's revenue stream. Currently, IHG has 46 hotels in India and 58 are in the pipeline. Globally, it has over 6,300 open hotels in over 100 countries, and more than 2,000 are in the development pipeline. Edited excerpts:

Black Box eyes $2 bn revenue in four years

Digital infrastructure firm Black Box is setting its sights on attaining a $2 billion revenue target by financial year 2028 (FY28) as it capitalises on surging demand for data centres, AI-driven infrastructure, and digital connectivity solutions.

Expect subscriber losses to reverse soon, says Vi CEO

Vodafone Idea (Vi) expects the ongoing spate of subscriber loss due to the tariff hike to reverse soon, and it continues to upgrade key network infrastructure to ramp up 4G connectivity, CEO Akshaya Moondra said on Thursday.

Samsung loses ground to Apple in premium smartphone mkt

Samsung is losing the race in India's premium smartphone market as rival Apple continues to increase its dominance in the segment, driven by robust iPhone sales and festival season discounts.

Hyderabad's future in its past

It is a truth universally acknowledged that if one passes by the Cyber Towers in Hyderabad, one is bound to look back at it for another glance for its sheer beauty and design—more so after sundown when it glimmers with lights.

A growing Union-state power imbalance

The exercise of legislative power by statutory regulatory authorities undermines federalism and needs to be corrected

Time to assess impact of procurement reforms

The first 15 years of this century witnessed rising decibels of protests from Indian industry about two specific issues in doing business with the government - hugely delayed payments and the infirmities embedded in the L-1 (lowest bidder) method of selection.

Trump trade wars

Effects on global growth and trade dynamics will be substantial

Modest means

Local bodies must be strengthened