CATEGORIES

Jubilant FoodWorks falls after Coke bottler deal

SHARES OF JUBILANT FoodWorks fell over 5% on Thursday, a day after the Jubilant Bhartia Group agreed to pick up a 40% stake in Hindustan Coca-Cola Beverages (HCCB).

Sebi trying to reduce float of ₹4.5 lakh cr lying with intermediaries

WITH MEASURES SUCH as T+0 settlement and UPI block mechanism for the secondary market, Sebi is trying to reduce the cash-equivalent collateral of over ₹4.5 lakh crore lying with intermediaries and bring in more transparency, whole-time member Ananth Narayan said on Thursday.

Macquarie sees 21% upside for Delhivery

SHARES OF LOGISTICS solutions provider Delhivery on Thursday gained nearly 3.2% on the BSE to its intraday high of ₹391.30 as global brokerage firm Macquarie has maintained its 'outperform' rating on the stock along with a 12-month target price of ₹460, implying an upside of more than 21%.

NBFCs mop up over ₹10,000 cr via bonds

AS THE CALENDAR year draws to a close, the fundraising activity of non-banking financial companies (NBFCs) has gained momentum.

Sebi board may widen UPSI scope, tighten SME rules

THE BOARD OF the Securities and Exchange Board of India (Sebi), in its meeting on December 18, is likely to approve a slew of measures, including tighter norms for small and medium enterprises (SME) listing, review of custodian and merchant banker regulations and expansion of the definition of unpublished price sensitive information (UPSI).

NBCC to be consultant for 16 projects of Supertech

INSOLVENCY APPELLATE TRIBUNAL NCLAT has appointed state-owned NBCC as a project management consultant to complete debt-ridden realty firm Supertech's 16 real estate projects at a cost of nearly ₹9,500 crore, a move that will provide relief to thousands of homebuyers.

Panel to flag bad loans

To improve the resolution process, banks have been instructed to closely monitor the top 20 NCLT cases at the MD level, with senior officials, not below the rank of GM, required to attend proceedings.

India needs $2.2-trn infra investment by 2030: Report

INDIA WILL REQUIRE an investment of $2.2 trillion for infrastructure development to become a $7-trillion economy by 2030, Knight Frank India said on Thursday, while stressing the need for radical measures to encourage private participation in this area.

T+0 settlement has few takers

An assessment of Sebi had found that over 90% of equity delivery trades were conducted with advance deposits of cash and securities

Bluestone files papers for IPO

INTERNET FIRST JEWELLERY brand Bluestone has filed the draft documents for an initial public offer (IPO) with Sebi to raise funds through a combination of fresh issue and offer for sale.

Samsung accuses CCI of illegal raid

The entire search exercise undertaken is patently illegal and any material collected hereunder should not be relied upon and should be promptly returned,\" the Indian unit of Samsung Electronics wrote.

Switch Mobility drives in 2 e-buses

SWITCH MOBILITY—THE EV subsidiary of Ashok Leyland has introduced a new electric bus Switch EiV12, claimed to be India's first with chassis-mounted batteries, and having a scalable battery capacity of over 400 kWh.

Makers of auto parts in a fix over EV switch

AUTO COMPONENT MANUFACTURERS, who were asked to set up factories by their clients to support the electric vehicle evolution, find themselves in a tough spot as automakers pivot back to traditional petrol and diesel engine technologies.

Realtors build hopes on new cities, more launches after tepid H1

EXPERTS SAY DEMAND HIGH, BUT PRICING KEY TO SALES

Inflation eases sharply to 5.48% in Nov

THE DECLINE IN Indian inflation is when globally many economies have again started experiencing price pressures and China is looking at easing monetary policy through 2025 to simulate growth.

Equity oil, rather than exploration, at core of overseas strategy now

WE ARE LOOKING INTO COST OPTIMISATION, MAXIMISING PROFITS, AND IMPROVING PROJECT TIMELINES

Rebel Foods raises $210 mn in round led by Temasek

CLOUD KITCHEN OPERATOR

Zomato gets fresh ₹803-cr tax notice

FOOD DELIVERY MAJOR Zomato on Thursday said it has received a GST demand order of ₹401.7 crore for non-payment of the tax on delivery charges between October 29, 2019, and March 31, 2022.

RIL, Rosneft ink mega $13-bn oil supply deal

● Russian oil major to supply 500K barrels of crude a day

Blinkit forays into quick food delivery market with Bistro

ZOMATO-OWNED BLINKIT is entering the quick food delivery space with its new offering Bistro, aiming to compete with Zepto Cafe and Swiggy's Bolt.

Goyal: Talks with EU need political push

THE NEGOTIATIONS ON a free trade agreement (FTA) with the United Kingdom will resume by the end of January after remaining suspended since May this year because of elections in both the countries, a senior official said on Thursday.

Goyal: Talks with EU need political push

THE FREE TRADE negotiations between India and the EU have reached a stage where they require political directions to arrive at a meaningful deal while understanding the sensitivities of each other, commerce and industry minister Piyush Goyal has said.

FTA negotiations with UK to resume by Jan-end: Official

The negotiations on a free trade agreement (FTA) with the United Kingdom will resume by the end of January after remaining suspended since May this year because of elections in both the countries, a senior official said on Thursday.

Cabinet clears Bills for joint LS, Assembly polls

To be tabled in Parliament in the ongoing session

Corporate India in a sweet spot, to scale up capex

Private-sector capital expenditure has not been up to expectations, despite robust corporate profits. Companies are now in a \"sweet spot\" and will expand capacity to meet demand,

Govt seeks Parliament nod for ₹44,143-crore extra spending

ADDITIONAL OUTLAYS FOR PM KISAN, FERTILISER SUBSIDY, AGRI INFRA

India needs to boost reforms, says World Bank chief economist

WORLD BANK CHIEF economist Indermit Gill has urged India's policymakers to accelerate structural reforms, as changes needed to transition to a high-income country are not taking place quickly enough.

IIP growth rises to 3-month high of 3.5% in October

● Manufacturing, electricity, consumer durables fare better

Safeguard duty on steel under consideration, says ministry

● Govt releases standards for green steel; product may get priority in public procurement

HDFC Bank's investment banking gets Sebi warning

MARKETS REGULATOR SECURITIES and Exchange Board of India (Sebi) has issued an administrative warning letter to HDFC Bank alleging non-compliance of some provisions related to its investment banking operations.