CATEGORIES

Bulls return to markets with a bang after Friday's drubbing

Bulls returned to the markets with a bang on Monday, driving up key indices by over a per cent each after the HDFC twins’ steep correction pulled down the Nifty and Sensex to multi-month lows on Friday.

Beyond NIM volatility, Federal Bank needs to meet its FY24 targets

Federal Bank Ltd’s shares fell by more than 8% on Friday after its net interest margin (NIM) for the March quarter (Q4FY23) fell short of expectations.

Marico must match its dreams with execution

Before Marico Ltd’s financial results for the three months ended March (Q4FY23), the stock’s performance was nothing to write home about. The stock had declined by 3% this calendar year until Friday, which means valuations were lower to that extent.

Kotak sharpens healthcare focus in VC fund expansion

Over the past three years, it has made equity investments of about $10 million in 16 startups

India, UK explore new partnership in critical strategic technologies

India and the UK are in talks to build a pathbreaking partnership designed to boost cooperation in critical strategic technologies, according to persons aware of the matter.

FCI to miss wheat procurement target

Food Corp India will miss the wheat procurement target of 34.5 million tonnes during the 2023-24 April-March Rabi marketing season due to stocking by private traders and farmers holding back their produce.

Vaccine makers eye Mexico to expand LatAm footprint

Expanding domestic capability to manufacture vaccines has become a top priority for Mexico

EU braces for potential UAE clash over fossil fuel emissions

Near the end of the United Nations climate summit in Sharm El-Sheikh last year, European Union climate chief Frans Timmermans offered a grand bargain to break the deadlock in the two-week negotiations.

'We need China's cooperation to understand covid'

Cooperation from China, including access to sites, data, blood samples, and animal farms in the country, is required to determine the origin of the covid-19 virus, according to former World Health Organization (WHO) chief scientist Soumya Swaminathan. The virus is believed to have originated in Wuhan, China.

Mortgages race past corp loans as lenders chase home buyers

Banks in India disbursed more loans to home buyers than corporate borrowers in FY23, indicating robust demand for mortgages despite the rise in interest rates.

Investor fund rejects Sebi plan to let cos do refunds

The Investor Education and Protection Fund Authority (IEPFA), a statutory body attached to the ministry of corporate affairs, has turned down a Securities and Exchange Board of India (Sebi) proposal to let companies handle investor claims and refund shares, dividends and interest income held in a designated fund.

NIIF targets $1bn fund-of-funds to support infra devt

The National Investment and Infrastructure Fund Ltd (NIIF), the state-backed investment fund, plans to launch its second fund-of-funds (FoF) to raise $1 billion to invest in the funds of local asset managers, three people familiar with the development said.

Quality crackdown to hit China imports

India has imposed mandatory certification on products

How Is Withdrawal Of Funds From PF Taxed?

It is presumed that you are currently not with an employer to whom the provisions of Employees Provident Fund and Miscellaneous Provisions Act, 1952.) do not apply.

How an obscure PPFAS morphed into India's Berkshire Hathaway

The way of the tortoise' has seen the fund house grow 200 times its size and deliver a stunning 19% CAGR

UK celebrates King Charles' coronation

Neighbourhoods around Britain will hold street parties and King Charles will attend a concert featuring the likes of singers Lionel Richie, Katy Perry and Andrea Bocelli at Windsor Castle on Sunday in celebrations to mark his coronation.

Paytm to be free cashflow positive

Digital payments firm Paytm aims to become \"free cashflow positive in the near future,\" chief executive Vijay Shekhar Sharma said in a letter to shareholders on Sunday.

AC sales dip 15% in April due to rains

Unseasonal rains in north India during  April-end and May beginning have put brakes on sales of cooling products such as air conditioners, refrigerators and coolers, according to industry players.

RR Kabel files for IPO to raise $27.5 million

Wire and cable maker RR Kabel Ltd, backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to $27.53 million, according to its draft prospectus filed to Securities and Exchange Board of India and seen by Reuters.

ONGC to pump KG block oil by June, ending 3-yr delay

State-run Oil and Natural Gas Corp. Ltd (ONGC) is set to begin oil production in the Krishna Godavari basin by June, said Om Prakash Singh, ONGC’s director of technology and field services (T&FS) in an interview.

'Bharat Bio to produce 10 mn doses of nasal covid vaccine'

Amid a recent surge in covid-19 cases, Bharat Biotech intends to produce 10 million doses of iNCOVACC, the first intranasal covid vaccine.

LIC, MFs plough $2 bn into IT firms in Q4 as shares tumble

The state-run insurer invested the most in Infosys, Tech Mahindra, Wipro, HCL Tech

'Women's wear will fetch at least 40% of our sales'

Aditya Birla Fashion and Retail Ltd (ABFRL), which distributes popular western wear brands in India and leads the men’s casual and formal wear market, is set to expand its presence in the women’s wear segment.

Cooling commodities warm Q4 earnings

The rebound in net profits is likely to have been driven by a decline in raw material costs.

Tech mood darkens as investors turn sceptical of FY24 guidance

The Nifty IT index was a laggard in April, falling by 3%. It was also the only index to clock negative returns last month among key sectoral indices.

Race begins now for 2-wheeler EVS

Shares of TVS Motor Co. Ltd hit a new 52-week high on Friday, after its March quarter (Q4FY23) results showed that Ebitda (earnings before interest, taxes, depreciation and amortization) margin had risen sequentially, albeit just by 20 basis points to 10.3%.

India conducts talks with UAE on pharma export pricing challenges

India is holding high-level talks with the UAE to work out a solution for pricing norms in the Gulf nation that act as a barrier to Indian generic drugs and vaccine exports, two people privy to the development said.

India may tighten sugar exports further

The Union government may tighten the ban on sugar exports as falling production raises further fears of a price hike induced by a shortage.

Poll code may dampen road construction tenders in FY24

The fall in awards may derail govt's ambitious target of building 50 km of highways per day

IPL brings in new pay-TV households for DTH, Cable ops

The popularity of cricket and the Indian Premier League (IPL) has resulted in a strong uptick in pay TV subscribers in the last two months, with Disney Star, the linear TV rights holder of the league, claiming an additional 11 million subscribers for its Star Sports channels.