CATEGORIES

Adani's ₹3K cr bet on ITD rides infra-capex wave

Adani Group's acquisition of a controlling stake in ITD Cementation India through a ₹3,204 crore deal marks the conglomerate's entry into the engineering and construction (EPC) sector.

MobiKwik cut IPO size due to higher FY24 revenue: Co-founder

Fintech firm MobiKwik reduced its initial public offering (IPO) size this year as compared to its 2021 plans on the back of higher operational revenue and a shift towards positive Ebitda (earnings before interest, taxes, depreciation, and amortisation) in financial year 2024 (FY24), a senior company executive said.

'Our capacities are just in time to meet growing demand in India'

A surge in steel exports from China has been casting a shadow on the global steel industry. As steel prices slipped, the country's largest steelmaker, JSW Steel, reported an 84 per cent year-on-year decline in consolidated net profit in Q2FY25. In a telephonic interview, JSW Steel, joint managing director and chief executive officer, JAYANT ACHARYA, tells Ishita Ayan Dutt that short-term challenges will not be a direction for its overall expansion in the medium to long term. Edited excerpts:

Crude palm oil rates on boil, FMCG prices move north

With crude palm oil prices on the rise, companies have started to jack up rates of soaps and edible oils in order to pass on the hike to consumers.

Vistara, Air India merger: Navigating brand synergy

Experts say the merged entity will draw on USPs of both firms

BMW India net profit rises 52% to ₹311 cr in FY24

Car sales witness 61% Y-o-Y growth

At least 50 flights receive bomb threats; 2 diverted

At least 50 flights operated by Indian airlines received bomb threats and two of them were diverted on Sunday, according to sources.

E-com fireworks in rural India this festival season

India's e-commerce giants, led by Flipkart, Amazon, and Meesho, are making a strategic push into Tier-II and -III cities and rural regions, where demand for online shopping is surging during the festival season.

Israel strike on Iran may add to market woes

Restrained attack a relief, but oil prices remain key

Apple seeds growth via supply chain in India

There are 15 Indian suppliers; further expansion on the cards

Stable taxation supports ITC in volume recovery

Unchanged taxation on cigarettes expected to bolster market share

FPI outflows in Oct less intense than March '20

Selling by foreign portfolio investors (FPIs) so far in October is the highest ever in a calendar month, surpassing the March 2020 levels.

WHY RETAIL INVESTORS SHUN SOME IPOS

Hyundai Motors India's listing is the latest in a trend seen over the years

Strong India biz growth to drive gains for GCPL

Godrej Consumer Products Ltd (GCPL) reported a 2 per cent year-on-year (Y-o-Y) increase in consolidated revenue to ₹3,670 crore.

360 One Wam launches ₹2,250 crore QIP

360 One Wam, the country's leading wealth management firm, has launched ₹2,250 crore qualified institutional placement (QIP).

MF investor count tops 50 million

About10 million new investors joined MF fold in past12 months

IndusInd Bank shares fall 19%, most in 4 yrs

Analysts believe stock will remain under pressure in near term

YouTube partners Flipkart, Myntra to launch shopping programme in India

YouTube on Friday launched the YouTube Shopping affiliate programme in India, that would allow eligible creators to tag products in their videos and earn revenue when viewers purchase them on retailers' site.

View from the treetops

Have you ever flung your arms around a tree, rested your head on its trunk, and closed your eyes? I recommend this, especially for men who are reluctant to engage in softer recreational activities that seem threatening to their masculinity.

Why are global markets so complacent?

The world is beset with risks - political, geo-political, fiscal and monetary. But markets choose to look the other way, either being blissfully oblivious or wantonly negligent

The changing wedding business

Weddings have always been important in our country. But they are getting bigger and glitzier.

Healthify closes $45 mn funding round for US foray

Healthify, a health and fitness app that uses artificial intelligence (AI), said on Friday it has closed a $45 million round that was led by existing investors Khosla Ventures and LeapFrog Investments and had new participation from Claypond Capital.

WazirX reports 40% assets dip in reserves after July breach

Embattled crypto firm WazirX released its first proof of reserves (PoR) report following a security breach in July resulting in the loss of about 40.4 per cent of its assets compared to its reserves in June.

Trai mandate unlikely to disrupt ecom space

New rules will require traceability of messages sent by principal entities

Acer logged best ever biz performance this yr: CBO

Firm is now aiming to position itself as second-largest PC manufacturer in the country

'Make in India': Modi, Spanish PM to open Tata-Airbus C295 unit on Oct 28

Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez will inaugurate the Tata Advanced Systems Ltd's (TASL's) final assembly line facility for the C295 aircraft in Vadodara on Monday.

Swiggy launches 'International Logins' feature for NRIs

Food and grocery delivery platform Swiggy has introduced 'International Logins'—a feature that allows users from 27 countries, including the United States, Canada, Germany, the United Kingdom, Australia, and the UAE, to access all the offerings on the Swiggy app using their international phone numbers.

Triple test for Siddaramaiah

In the middle of all the excitement about the Assembly byelections in Uttar Pradesh (nine seats), to be held on November 13, there is little discussion about the three bypolls in Karnataka.

Modi-Xi summit: A nudge, not a shift

Prime Minister Narendra Modi and Chinese President Xi Jinping met formally on October 23 after a gap of five years in Russia's Kazan, on the margins of the Brics+ meeting hosted by President Vladimir Putin of Russia.

Congress: Survival or revival

Congress is silently acknowledging it overread the verdict of the last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand