CATEGORIES

Biden orders strike on Iranian-backed group

US retaliation comes amid fears of a regional spillover of the Gaza conflict

2024: A year of satellite broadband?

The year 2024 is set to be the year when satellite broadband would become commercially available in India, especially now when the government has decided to give spectrum for satellite broadband services outside of auctions.

Public market exits by PE/VC firms see sharp uptick in 2023

Till November, these firms booked 20.73 bn in total exits, against 18.29 bn in entire 2022

Independent music, artistes drive audio streaming in '23

Bhojpuri, Tamil and Telugu languages are emerging as leaders in independent music scene

Movie acquisition race to get tighter among video streaming platforms

Leading over-the-top (OTT) streaming platforms like Netflix and Amazon Prime Video are increasingly focusing their content budgets on acquiring high-budget, star-studded films after their theatrical releases. The rates for such Hindi, Tamil, and Telugu movies have escalated to ₹125130 crore in the past year.

Bharat Pe records 182% revenue growth in FY23, trims losses

Fintech unicorn BharatPe on Tuesday announced that its revenue from operations climbed 182 yearon-year to 1904 crore in FY23, while loss before tax fell to ₹886 crore from 15,594 crore during the period.

Brightcom files fresh plea with SAT

Brightcom Group Ltd has filed a fresh application before the Securities Appellate Tribunal seeking a stay on the market regulator's order restraining ace investor Shankar Sharma and others from selling shares in the digital marketing company.

Retail policy in final stages, to foster women's participation

The national retail trade policy, currently at a finalization with a view to improve ease of doing business for retailers, and enable greater participation of women workers in the sector, among other favourable regulations designed for the country's small and large retailers, according to executives familiar with the development.

M&M accelerates 'Born EV' plans, to expedite launches

Auto co seeks early supplier feedback on its SUV, hires McKinsey to implement feedback

Share of US treasury in RBI reserves shrink, gold sees an increase

The share of US treasury securities in Reserve Bank of India's (RBI) overall foreign exchange reserves shrank in the 12 months to September, while the share of gold holdings rose, data showed, with experts calling it an outcome of revaluation and a rise in holdings.

Metals, energy stocks power gains in Indian benchmarks

Indian benchmarks settled higher on Tuesday lifted by gains in energy and metal companies, with rising expectations of interest rate cuts in the US boosting global markets.

As cracks appear, tile makers face challenging months ahead

The past six months have been challenging for listed ceramic tile makers.

Rural demand may trip FMCG cos

Investors in stocks of fast-moving consumer goods (FMCG) companies are likely exiting 2023 with mixed feelings. Out of two crucial developments-the extent of margin recovery and rural demand revival only the former played out as expected.

Chinese gaming cos unveil share buybacks

A slew of smaller Chinese gaming companies have announced share buybacks-plans seen as an attempt to reassure investors after the market was spooked by regulatory moves to clamp down on consumer spending on games.

Startup networking platform Scope to raise 45 million for maiden VC fund

Startup-focussed networking platform Scope, on Tuesday, said that it is raising $45 million (around ₹375 crore) for its maiden venture capital fund that will primarily invest in fintech and gaming startups.

Govt issues advisory to tech cos for regulating deepfakes

Intermediaries will be under obligation to report violations to law enforcement agencies

Weather offices to get high-end systems

The ministry of earth sciences plans to set up two high-performance computers (HPCs) in Noida and Pune to enhance weather forecasting accuracy, in the face of shifting weather patterns leading to increasing instances of extreme rainfall.

Payment woes delay supply of Russian oil to India

Shipments of Russian Sokol crude oil to Indian Oil Corp (IOC) have been delayed by payment problems, forcing India's biggest refiner to draw from its inventories and buy more oil from the Middle East, two people familiar with the matter said.

'India to initiate strict action against Red Sea attackers'

Two India-linked ships were caught in attacks by Yemen’s Houthi rebels on Saturday, Sunday

Electricity demand surpasses 206 GW amid winter chill

India's peak power demand remained elevated throughout the past week due to the winter chill. Demand has consistently exceeded 200 gigawatt (GW) since 19 December.

China has burned investors before too

The smartest strategy for investors in Chinese assets this year: Do something else. Sitting on cash was more profitable in 2023 than investing in Chinese shares, buying bonds sold by Chinese companies or betting on the performance of the yuan, the country's currency.

Road work lags; capex on track

India has built only 38% of roads planned for the fiscal year in the eight months so far despite spending two-thirds of the allocated money, official data showed.

Promoters to infuse ₹9,350 cr in Adani Green

A dani Green Energy Ltd (AGEL) plans to raise ₹9,350 crore by issuing preferential warrants to its promoters, in a bid to achieve its stated target of 45 gigawatts (GW) green energy capacity by 2030.

Shareholders oust Dish TV board, two new members join

Shareholders of Dish TV India Ltd rejected the candidature of its remaining four independent directors, a rare instance at a listed company that found itself without a functional board for a brief while.

Bharat rice soon at ₹25/kg to cool price

Discounted sale of rice via Safal, govt agencies, mobile vans

Set realistic fitness goals in the year ahead

Stop obsessing over your BMI, develop better lifestyle habits in the new year

Wellness trends that made headlines in 2023

From silent walking to the emergence of menopause retreats and ashwagandha becoming a hot topic, here's a wrap of 2023's wellness trends

The India-China dynamic seems set to lead an age of meta-reason

A world led by Western values is yielding to one where the mutual learnings of Asian powerhouses will shape key outcomes

Human trafficking or a plain case of migration?

The French detention of a plane on suspicion of its passengers being victims of exploitation raises the vital question of their intent: Were they just trying to get around labour barriers?

Here's what you should know to exchange old jewellery for new

If the jewellery isn't hallmarked, it is melted to determine the purity level and arrive at its exchange price