CATEGORIES

BPEA buys fertility clinic Indira IVF at valuation of $1.1 billion

Private equity firm BPEA EQT has acquired 60% of Indira IVF Hospital Pvt. Ltd, India’s largest chain of fertility clinics, from TA Associates and the fertility company’s founders at a valuation of about $1.1 billion, according to two people familiar with the transaction.

Nestlé to raise chocolate, coffee capacities in India

Nestlé India Ltd will invest ₹4,200 crore by 2025 to expand the manufacturing capacity of its noodles, coffee and chocolates portfolio, the packaged foods company’s India chief said, as it spots opportunities in selling both mass and premium products in the country.

Indian cos can list directly on bourses abroad, and IFSC

The Union government has decided to let Indian companies list directly on stock exchanges abroad and in Gujarat’s International Financial Services Centre (IFSC), finance minister Nirmala Sitharaman said on Friday.

PM pitches India to chip majors, assures reforms

Modi said India is best positioned to become a trusted chip supplier to the world

'Covid made holiday homes mainstream'

Saffron Stays, which operates in the holiday homes monetization sector with 290 properties on its listings platform, is planning to expand across the north and south India.

Leg-up for lithium hunt as LS passes mining Bill

MMDR Amendment Bill seeks pvt participation in critical mineral production too

India should get two semiconductor proposals within 12 months: Vaishnaw

India should get two high-quality proposals in semiconductor fab in the next 12 months, said communications and IT minister Ashwini Vaishnaw in an interview.

Top stars don negative roles to explore new territories

Top film stars, traditionally cast in lead roles, are agreeing to play negative characters in high-budget, multilingual projects primarily outside their home market, in a new emerging trend.

Piramal Ent to buy back 14 mn shares for ₹1.750 crore

Piramal Enterprises Ltd is planning to buy back up to 14 million equity shares for about ₹1,750 crore as part of its strategy to distribute excess capital to its shareholders, the diversified non-bank financier said on Friday.

5 E2-wheeler cos face lawsuits over FAME-II

Only 2 out of 7 firms served recovery notices have agreed to return money

Tesla execs press for duty cut in meet with govt officials

A delegation of senior Tesla executives, comprising leaders of its public policy, supply chain and business development teams, is visiting India to actively engage with all government stakeholders to gain insights into the market.

AMD commits $400 mn to expand India R&D

Investment will be made over five years to expand engineering operations

A NEW SPACE CELEBRATES SHAHJAHANABAD

Kathika, a new museum and cultural centre in the heart of Old Delhi, hopes to revive a lost cultural legacy

Interesting but flawed

'Quarterlife' tries to make sense of the changes sweeping through the country

There is Al in your productivity tools too

Over the past few years, Al has found its way into the apps and services we use every day: from email to Excel spreadsheets

With a little help from my friends

What, I am often asked, is the most difficult thing about cooking?

The flag-bearer of Ceylon tea

I have been thinking of Sri Lanka ever since I heard of the death of the legendary Merrill Fernando, who created Dilmah Tea, last week. Everyone who visits that country is likely to taste, or bring back, Dilmah Tea.

We are rapidly running out of time and heroes

The Doomsday Clock is ticking. Ultimately, the end of the world could come not because of megalomaniacal villains but because we-literally-run out of world

Pet-safe green spaces

Choose non-toxic plants and use natural fertilisers so that your pet can play in a safe green zone

What Should Be Done If You Fail To Deduct Tax On Rent Paid To An NRI?

Under India’s income tax laws, if the payee qualifies as non-resident in India during the relevant financial year, the payer is required to effect TDS (tax deducted at source) at a specified rate (plus applicable surcharge and health and education cess) on taxable income of the payee.

Utopia Or Dystopia: Can Artificial Intelligence Really Be Regulated?

After OpenAI, an artificial intelligence (AI) company, launched ChatGPT in November 2022, followed by ChatGPT 4, a more advanced generative version of its large learning model, AI has taken the world by storm.

Europe's famous vacation spots are fed up of tourists

From Venice to Dubrovnik, top holiday cities are fighting back 'overtourism'

It's often more than a buzz that the rich get from risk

Would you spend $250,000 to venture into the deep, uncharted territories of the ocean? Would you want to “Become one of the first few to see the Titanic up-close\"? That was how OceanGate advertised its Titan submersible tours.

India's rice export curbs could prove too myopic for its good

It weakens the country's claim to leadership of the Global South

Miss World is welcome: It'll help expose a myth

News of the Miss World beauty pageant to be held in India this year after a 27-year gap has so far evoked only muted murmurs. Maybe we are spoilt for choice with public spectacles. Back in 1996, host-city Bangalore had erupted in protests that got police onto the streets and featured self-immolation bids aimed at halting the show.

Investors dumping China for emerging markets

Global investors are increasingly choosing to bypass China's markets in favour of other emerging countries that are either gaining from the geopolitical and growth risks stalking the world's second-biggest economy or are far removed from them.

Microsoft's Teams, Office tie-up faces EU antitrust probe

Microsoft on Thursday found itself the target of a European 1 Union (EU) antitrust investigation over the bundling of its chat and video app Teams with its Office product, putting it at risk of a hefty fine.

Relaunch of old hits big draw on streams

Despite the recent controversy surrounding the reboot of Pasoori in Kartik Aaryan’s Satyaprem Ki Katha, the music industry has been seeing a surge in popularity for revamped versions of old hit songs on audio streaming platforms and music labels.

FPIs resist mandatory 10% debt trade on RFQ

Lobby group says the Sebi move won't enhance liquidity in debt markets

Next up, legal, bureaucracy, currency reforms: Sanval

Reforming India’s administrative machinery and the legal system, along with making the rupee a hard currency, widely accepted for global transactions, are top on the government’s next reform agenda, said Sanjeev Sanyal, a member of Prime Minister Narendra Modi’s Economic Advisory Council.