CATEGORIES

'Business and climate are no longer an either-or choice'

PHILIPPEVARIN, chair ofthe International Chamber of Commerce, which represents over Li S million companies in 170 countries' is on an India visitwhile COP29 is unden Nay. ln an inte Niew in New Delhi, he tells Veenu Sandhu that any investment today must factor in sustainability from the very beginning' and explains why green trade finance is critical. Edited excerpts:

Byju accused of firm buyback using loan from US lenders

The founder of bankrupt Indian tech firm Byju's, Byju Raveendran (pictured) tried to use loan proceeds that he allegedly hid from US lenders to secretly buy back a software company that was taken over by an American trustee, according to a new court filing.

DPIIT nod to IIHL for Rcap acquisition

The Department for Promotion of Industry and Internal Trade (DPIIT) has given the go-ahead to Hinduja Group firm IIHL for acquisition of debt-ridden Reliance Capital Ltd (Rcap), sources said.

Hyundai to set up 2 RE plants in TN

Hyundai Motor India Ltd (HMIL) on Thursday said it was planning to set up two renewable energy (RE) plants in Tamil Nadu as a step towards meeting the company's target of 100 per cent renewable electricity dependency across its manufacturing operations by 2025.

Bacardi distills new Irish whisky variant for India

As whisky consumption continues to soar in the country, Bacardi India will be launching a new variant of its Irish spirit - Teeling Whiskey - the Small Batch classic crafted specially for the Indian market.

Premium content production needs to be democratised

Over 13 years, UDAY SHANKAR took Star India from ₹1,600 crore to ₹18,000 crore in revenue when he quit in 2020. He was keen to focus on education and healthcare. But here he is back in media four years later as vice-chairperson of JioStar. The ₹26,000 crore (revenue FY24) firm is India's largest media company. It is the product of the merger between Viacom18 Media and Star India. Viacom18 is owned by Reliance Industries (RIL) and Bodhi Tree Systems, a platform owned equally by Shankar and James Murdoch's Lupa Systems. Star India is a part of The Walt Disney Company. Earlier this week, Vanita Kohli-Khandekar had a chat with Shankar in Mumbai. Edited excerpts:

Nandini set for clash with dairy titans; enters Delhi-NCR

Karnataka Chief Minister Siddaramaiah on Thursday launched the Karnataka Milk Federation's (KMF) Nandini brand milk products in the Delhi-NCR market, pricing them marginally lower than competitors to gain a foothold in the region.

Tariff impact: Reliance Jio lost 7.96 mn users in Sep

BSNL continued to be the largest gainer, adding 0.8 million duringthe m-onth ::

₹ falls 8 paise to hit 84.5 vs $ for first time

The rupee depreciated to a new low of 84.50 per dollar as foreign portfolio investors sold domestic equities amid escalating geopolitical tensions and a spike in crude oil prices.

US bribery taint melts Adani stocks

ADANI, OTHERS IN $265 MN BRIBERY CASE: KENYA CAN CELS Al RPORT, EN ERGY DEALS

At 122, harmful AQI days in 2024 six more than last year

Number of days with air AQI between 0 and 200 in Delhi has stood at 201 this year so far

Cricket's heavyweights pad up for pitch-perfect battle Down Under

\"Hello, and welcome to all our international viewers to the WACA Ground in Perth..,' For many, the understated, mellow Voice of Richie Benaud served as a window into a distant land where cricket was loud, aggressive, and played in colossal amphitheatre-like stadia.

Govt prepares logistics plan for metros to tackle traffic, pollution

The Centre has prepared a 'City Logistics Plan' for metros such as Delhi and Bengaluru for efficient freight and logistics movement within the city, a senior official of the Department for Promotion of Industry and Internal Trade (DPIIT) said on Wednesday.

NOT SO HOT ON HYBRID

A new report says EVs ancl CNG vehicles will outpace hybrids byfar

Voltas Well placed to improve market share

Analysts positive on volume-led growth that will reflect in stock price

Domestic business, lower guidance to weigh on PI Industries

PI Industries reported a revenue growth of 5 per cent year-on-year (Y-o-Y) in Q2FY25, led by a surge in the custom synthesis and manufacturing (CSM) segment and the export business, which posted 10 per cent growth.

CIEL HR files draft papers, eyes ₹335 crore via fresh issue

Chennai-based CIEL HR Services, which provides technology-driven human resources solutions, on Wednesday filed a draft red herring prospectus with markets regulator Sebi to raise funds through initial public offering (IPO).

Maharashtra poll results unlikely to move markets

The outcome of the Maharashtra Assembly elections is unlikely to shake domestic markets that have other bigger developments to worry about, according to analysts.

Period of easy returns now over, taper expectations: Motilal Oswal

The period of easy returns where rising tide lifts all boats is likely over, Motilal Oswal Private Wealth said in a recent note, citing the likelihood of a moderation in corporate earnings growth in the coming years.

SMEs voice concern over tighter IPO norms

Sebi has proposed an overhaul of SME IPO rules to curb fund diversion and malpractices

Smaller towns outrun cities in SIP account openings

B30 SIP accounts jump 42% in a year compared to 28% rise in T30 tally

Towards a US Jrl world

The world needs to return to a strong, rules-based international order - one step ata time

Rio realities

The broad-brush declaration lacks s Decif Ics

Charting the path to financial security

At the age of 42, Scott Galloway—a renowned professor, entrepreneur, and author—welcomed his son into the world. But instead of joy, he felt shame.

Expanding regulation

Proposals will improve governance in SME platforms

Shaping cities for the future

Cities are more than just a mere collection of buildings.

VW union for $1.6 bn cost cuts, no plant closures

Volkswagen workers offered on Wednesday to back 1.5 billion euros ($1.6 billion) in cost savings if it rules out closing plants in Germany, but warned the automaker would face an historic battle if it pressed ahead with swingeing cuts.

Ford to cut 14% jobs in Europe

Weak EV demand, poor govt support cited as reasons

Trump taps Lutnick, McMahon for key Cabinet roles

President-elect Donald Trump on Tuesday chose Cantor Fitzgerald LP Chief Executive Officer Howard Lutnick to lead the Commerce Department, a central position in an administration that will likely be shaped by proposals for sweeping tariff increases.

Israeli PM offers $5 mn reward for each hostage freed

NETANYAHU'S RARE GAZA VISIT