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Updated: 1 hour 47 min ago

SpiceJet settles $30 mn dispute with Celestial Aviation outside tribunal

Wed, 02/28/2024 - 16:20
SpiceJet had announced on February 22 that it had raised a second tranche of Rs 316 crore under the preferential issue of equity and warrants

1-yr dollar/rupee fwd premia hit 11-week low as US rate cut seen delayed

Wed, 02/28/2024 - 16:11
RBI likely to take delivery of the dollar-rupee sell buy swap on March 11

Vedanta eyes $6 bn Ebitda in FY25, reiterates guidance on profit targets

Wed, 02/28/2024 - 15:50
The company is expected to clock nearly $5 bn of EBITDA in FY24 (April 2023 to March 2024); adjusting for one-time gains of the Cairn arbitration, the operational Ebitda for FY24 will be $4.4 billion

CIL to hold 51% stake in Rs 11,700 crore coal-to-chemical JV with BHEL

Wed, 02/28/2024 - 15:32
The venture will kick off with the construction of a state-of-the-art Coal to Ammonium Nitrate Plant, leveraging BHEL's Pressurized Fluidized Bed Gasification (PFBG) technology

Sebi proposes further exemptions of granular disclosures for select FPIs

Wed, 02/28/2024 - 15:31
It is proposed that disclosure exemption will be given only if the composite holding of all such FPIs in the group is less than three per cent of the total equity share capital

Google hit with $2.3 bn lawsuit by 32 media groups including Axel Springer

Wed, 02/28/2024 - 15:26
Google last year said it disagreed with EU antitrust charges against its ad tech business where it is involved in both the buy-side as well as the sell-side of the supply chain

Reliance, Disney sign $8.5 bn deal to form JV, to merge media ops in India

Wed, 02/28/2024 - 15:06
Reliance, led by Asia's richest man Mukesh Ambani, will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake

PC, laptop imports from China surged by 11.3% to $276 million in December

Wed, 02/28/2024 - 15:05
In December, China's share increased to 89.4 per cent in total shipments of the items to India compared to 76.4 per cent share during April-December period of FY24

Telcos made Rs 10,000 crore extra capex to support large apps: COAI

Wed, 02/28/2024 - 14:17
"The additional capex required to provide the infrastructure to carry the LTG-related data traffic for the year 2023 alone amounts to around Rs 10,000 crore

Sebi mulls relaxing enhanced disclosure framework for certain FPIs

Wed, 02/28/2024 - 12:01
Capital markets regulator Sebi on Wednesday proposed relaxing rules for certain Foreign Portfolio Investors (FPIs) from enhanced disclosure requirements in a bid to promote ease of doing business. In its consultation paper, the regulator suggested ...

Gensol receives approval from ARAI for manufacturing of electric vehicles

Wed, 02/28/2024 - 12:00
In a public statement, the company highlighted that this achievement paves the way for the official launch and sale of its EV in the Indian market

Walmart launches Centre for Tech Excellence at IIT Madras for AI adoption

Wed, 02/28/2024 - 11:50
The idea is to leverage cutting-edge solutions in artificial intelligence (AI) and digitisation to enhance operational efficiency and profitability for MSMEs

Alcobrew Distilleries eyes higher exports with launch of single malt whisky

Wed, 02/28/2024 - 11:38
Exports are currently a small part of the company's revenue but the management expects it to gradually increase

LTIMindtree, IBM, IIT Madras team up for quantum computing research

Wed, 02/28/2024 - 11:15
"This move is a strategic step toward LTIMindtree helping their customers benefit from the transformative value of quantum computing technologies," the company said

Bitcoin rises 39.7% in Feb, heads for biggest monthly gain since Dec 2020

Wed, 02/28/2024 - 11:01
The bigger bitcoin exchange-traded funds (ETFs), which were listed in the US on January 11, have seen a definite pickup in interest this week

ISO raises forecast for size of global sugar deficit for current season

Wed, 02/28/2024 - 10:49
A Reuters poll of analysts and traders this month gave a median forecast of a small surplus of 500,000 tons in the 2023/24 season

PE firm KKR considers selling controlling stake in JB Pharma: Report

Wed, 02/28/2024 - 10:21
The US private equity firm is looking to hire financial advisers to help evaluate a sale of its 53.8% stake in the Mumbai-based company, the people said

Messe Stuttgart expects deals worth $500 million at LogiMAT India

Wed, 02/28/2024 - 10:08
India's logistics sector, employing nearly 22 million people and valued at $215 billion, plays a crucial role in the nation's economy

Bill Gates visits Microsoft's India Development Center in Hyderabad

Wed, 02/28/2024 - 10:06
Billionaire philanthropist and Microsoft co-founder Bill Gates visited the tech giant's India Development Center (IDC) in Hyderabad, the company said

LTIMindtree joins IBM Quantum Network to explore quantum computing

Wed, 02/28/2024 - 10:02
With the initiative, LTIMindtree said it hoped to establish a series of long-term projects, including applied research toward business and societal problems