CATEGORIES

IBBI, IBA partner for centralised platform to auction liquid assets

Assets undergoing liquidation through the Insolvency and Bankruptcy Code (IBC) will soon be available to potential buyers under a centralised platform for listing and auction as the regulatory body overseeing insolvency proceedings has collaborated with the Indian Banks Association (IBA) to facilitate the auction under one umbrella, a circular issued by the Insolvency and Bankruptcy Board of India (IBBI) said.

Core sector bounces back on refinery, cement gains

Flashes 2% growth in Sep after contraction in Aug; IIP may show modest uptick

BSNL deploys over 50,000 4G sites

State-run telecom operator Bharat Sanchar Nigam Limited (BSNL) has successfully deployed more than 50,000 indigenous 4G sites nationwide, the Ministry of Communications announced on Wednesday.

Torrent Pharma promoters sell 3% stake, raise ₹3K cr

Plan to use funds for investment in power business

Meesho generates positive operating cash flow of ₹232 crore in FY24

Meesho said on Wednesday it has become the first \"horizontal\" Indian e-commerce company to achieve profitability and generate positive free cash flow and operating cash flow of ₹232 crore in FY24.

Smartphone market value surges 12% in Q3CY24: Counterpoint

India's smartphone market grew by three per cent year-on-year (Y-o-Y) in volume in the third quarter (Q3) of calendar year 2024, while its value surged by 12 per cent Y-o-Y to reach an all-time record for a single quarter, according to a report by research firm Counterpoint.

Bharti Telecom plans to raise ₹8.5K cr via bond sale

Bharti Telecom, owned by billionaire Sunil Bharti Mittal, is planning to raise about ₹8,500 crore in the rupee bond market, according to people familiar with the matter.

Biocon profit slumps 84%

Bengaluru-based biopharma Biocon on Wednesday reported a consolidated year-on-year decrease of 84.3 per cent in net profit to ₹27.1 crore in the second quarter of the financial year 2025 (Q2FY25) from ₹172.7 crore in Q2FY24.

Tata Power net up 6% at ₹926 cr

Private power producer Tata Power reported a 6 per cent year on year (Y-o-Y) increase in net profit (attributable to owners of the company) at ₹926.53 for the second quarter of the current financial year (Q2FY25), missing the Street estimates.

‘We want to be a co-pilot in India’s AI journey’

Last year, Microsoft launched the Secure Future Initiative (SFI), an effort to advance cybersecurity protection. IRINA GHOSE, managing director, Microsoft India and South Asia talks about the initiative and how Indian enterprises are looking at cybersecurity. October is also the month of cybersecurity awareness. She tells Shivani Shinde over a video call, how AI is getting infused in security and Microsoft’s focus in the new year. Edited excerpts:

Dabur net falls 17% on low urban demand

Home-grown fast-moving consumer goods (FMCG) major Dabur India on Wednesday reported a 17.5 per cent year-on-year (Y-o-Y) drop in net profit to ₹425 crore in the second quarter, as high food inflation and heavy monsoon impacted sales.

Toyota's 1st electric-SUV to roll out from Maruti's stable

After a successful tie-up in traditional ICE and strong hybrid models, Suzuki and Toyota are now set to take their partnership to the next level: the electric vehicle segment.

L&T profit rises 5.4% on better execution

Keeps guidance on order inflow, revenue generation for full yr

Firms get second shot at IPO jackpot

Buoyancy in the primary markets has thrown a lifeline for companies that were unable to successfully launch an initial public offering (IPO) on their first attempt.

₹11K cr IPO in sight, Swiggy projects qcom as the future

Qcom to surpass food delivery biz in 5 yrs, says CEO

Down to the wire: Last-minute buys add spark to Diwali

Diwali is like a litmus test of consumer sentiment, but this time the industry is still waiting for the 'last-minute' shopping trends to emerge before giving a verdict.

Ireland govt signs up TCS to enhance worker enrolment

IT services major Tata Consultancy Services (TCS) announced on Tuesday that it has secured a 15-year contract with Ireland's Department of Social Protection (DSP) to implement and support the country's new Auto Enrolment Retirement Savings Scheme, known as the were not disclosed, such long-tenure \"My Future Fund.\" contracts are typically categorised as large deals.

Compare developer's price with resale rate to ensure authenticity

During the festive season, which lasts from October to December, the feel-good atmosphere often encourages potential homebuyers to take the plunge. Developers make attractive offers during this period to nudge the fence-sitters.

Asset quality risk, a worry for IndusInd

Amid headwinds, the bank faces uncertainty over CEO extension

NTPC Green Energy IPO to unlock value

The news that NTPC Green Energy (NGEL), a wholly-owned subsidiary of NTPC, has clearance from the Securities and Exchange Board of India (Sebi) to raise ₹10,000 crore via an initial public offering (IPO), was a trigger for the NTPC stock.

Realty cos raise over ₹12.8K cr via QIPs during Jan-Sep '24

Listed real estate companies have raised ₹12,801 crore via qualified institutional placements (QIPs) in the first nine months of 2024 as they turned to IPO and QIPs to fund their aggressive expansion amid strong post-pandemic demand, a report by real estate consultant Anarock said.

Markets gain on positive global cues

Rising for the second straight session, equity benchmark indices Sensex and Nifty closed higher on Tuesday, helped by fag-end buying in banking counters and a firm trend in global markets.

Record-breaking real estate IPOs raise ₹13.5K cr in 2024

India's real estate sector witnessed a record surge in initial public offerings (IPOs), with 123 IPOs listed till October 20 this year, already surpassing the total for 2023, signaling economic optimism and ample market liquidity.

AMC rally may gain further steam after robust Q2 showing

Brokerages raise targets as AMCs deliver earnings surprise

73,600x surge in 2 days: Elcid now India's 'priciest' stock

A little-known smallcap company, Elcid Investments, took a giant leap into the history books after its shares surged a staggering 73,600 times in two days to become the priciest stock in absolute terms, surpassing tyre major MRF.

Sellers refuse to let their business bomb

From shops filled with electric diyas to 'sound-only' toys, New Delhi is adapting to yet another Diwali with a ban on firecrackers.

CARBON TRADING SCHEME CRAWLS

Delays in setting up a carbon market in India have become a pressing concern now, especially after a UN body warned this week of the perils of going slow on emission reductions

Updated, tighter regulations likely by January: Trai

Telecom Regulatory Authority of India (TRAI) expects to finalize by January, updated and tighter regulations on curbing spam calls and messages after holding extensive discussions on its recent consultation paper, Chairman Anil Kumar Lahoti has said.

Cashfree receives RBI nod to operate as PPI

Fintech firm Cashfree Payments on Tuesday said it has received regulatory approval to operate as a prepaid payment instrument (PPI) provider, enabling the firm to issue prepaid payment instruments like cards or digital wallets.

'SIM consolidation to normalise over 2 qtrs'

Vittal to take up some roles of Bharti Enterprises Chairman Sunil Mittal