The primary market is set for a busy week as two major companies, Tata Capital Ltd and LG Electronics India Ltd, gear up to launch their initial public offerings (IPOs), collectively worth more than Rs 27,000 crore.
A deep dive into Trump's new policy and what it means for Indian professionals and companies.
The country's largest lender State Bank of India on Wednesday announced the completion of the divestment of about 13.18 per cent stake in Yes Bank to Sumitomo Mitsui Banking Corporation of Japan for Rs 8,888.97 crore. State Bank of India (SBI) has received Rs 8,888.97 crore from the acquirer Sumitomo Mitsui Banking Corporation (SMBC), a Japanese multinational financial services company belonging to the Sumitomo Mitsui Financial Group (SMFG), the bank said in a regulatory filing.
Reserve Bank Governor Sanjay Malhotra on Wednesday exhorted the fledgling fintech ecosystem to focus on the underserved sections of the society to deepen financial inclusion. Speaking at the annual Global Fintech Fest in Mumbai, Malhotra accepted that serving the "privileged" will be a lucrative business, but urged the smaller companies to focus on the underserved.
Adani Power on Saturday said it has inked a pact with Bhutan's state-owned utility Druk Green Power to set up a 570MW hydro project entailing investment of Rs 6,000 crore, in the Himalayan Kingdom. As per the pact, Adani Power and Druk Green Power Corp Ltd (DGPC), will initiate the the peaking run-of-river Wangchhu hydroelectric project on a BOOT (Build, Own, Operate, Transfer) model.
'They are not only setting new standards for themselves but also paving the way for future players to keep pushing those boundaries.'
By 10 am, Rakshit N Jagdale is already deep into the rhythm of the day, which promises to be a carousel of meetings, calls, and strategic decisions. As managing director of Amrut Distilleries, he balances ritual and ambition, tradition and transformation, like many other legacy players in India's alcoholic beverages sector who are staring at a rosy future.
'Do exhaustive research and then select the one that best fits your budget and requirements.'
The exit of Larsen & Toubro (L&T) from the Hyderabad Metro is a long-term positive for the stock. It could be a bullish trigger, alongside higher international orders, and new opportunities in segments like defence and data centres.
The group, which employs nearly 26,000 employees, plans to cut employee costs by one per cent, or Rs 65 crore (Rs 650 million), in the current year by redeploying people in its various businesses and reducing new hirings. "Instead of external hiring, we have redeployed a part of our people resources from our mature businesses to the new ventures," Future Group CEO Kishore Biyani said.
'On the set, he was this big personality, the great Om Puri. But at home, he was like a fluffy teddy bear.'
You don't need a six-figure salary to build wealth -- you need discipline and a smart plan, says Ramalingam Kalirajan. and shows you how
The Bihar government will provide a monthly allowance of Rs 1,000 to unemployed graduate youths for two years under the 'Mukhyamantri Nishchay Swayam Sahayta Bhatta Yojana'. This scheme has been expanded from intermediate-passed youth to include graduates.
With this decision, the government headed by Prime Minister Narendra Modi has sought to draw a red line against terror incidents and makes clear that it will follow a similar military response as it has after the Pahalgam incident if terrorists linked to Pakistan target India again.
Future's home retailing interests, including furniture and furnishings, are housed under Praxis Home Retail, which was created in FY18 when the group demerged the business from Future Retail.
'India has the capital to invest in defence production.' 'With clear timelines and commitments, private industry can deliver surge capacity effectively.'
Modi said peace is paramount for development, and the Centre is committed to achieving it.
In a major crackdown, police arrested 39 people, including local cleric Tauqeer Raza Khan, in connection with the violence during the 'I love Muhammad' campaign after Friday prayers in Bareilly, while authorities suspended internet service in the district for 48 hours beginning Saturday.
The UK formally recognized the state of Palestine, with Prime Minister Keir Starmer emphasizing the need to revive hope for peace and a two-state solution in the Israel-Hamas conflict. The announcement comes amid growing international pressure for a ceasefire and a resolution to the crisis in Gaza.
I don't remember how I felt when Pakistan lost to India in New York: Saim Ayub
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
'Sujatha's decision to surrender reflects the deep crisis of confidence that the Maoist ranks are facing in recent times.'
'For all you know, in the next five years there could be a path-breaking cancer treatment and I may be absolutely fine. Or maybe I won't be. I have to live with both scenarios.'
Bengaluru-based Ultraviolette launches the fighter jet-inspired X-47 Crossover electric motorcycle at Rs 2.49 lakh, with deliveries to commence in October.
'Investing in these funds makes sense if their net yield over better-quality funds -- corporate bond funds or banking and PSU funds -- is meaningful.'
Naqvi, who also heads the Asian Cricket Council, stressed that any future negotiations with the BCCI must be on equal terms.
Dr Ramakanta Panda's unique exhibition, titled Heartbeats -- Wildlife, Our Shared Future, features a compelling collection of over 200 photographs centred around the theme of wildlife conservation.
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
India face hosts Tajikistan on August 29 followed by matches against Iran on September 1 and Afghanistan on September 4.
'Shreyas Iyer will be part of leadership group too'
The resolution, introduced by France, was adopted with an overwhelming 142 nations voting in favour, 10 against and 12 abstentions. Those voting against included Argentina, Hungary, Israel and the US.
Information technology (IT) services major Infosys on Wednesday announced the formation of a joint venture (JV) with Telstra, Australia's leading telecommunications and technology company. This will allow Infosys to accelerate artificial intelligence (AI)-enabled cloud and digital solutions for Australian businesses.
As Prime Minister Narendra Modi turned 75, wishes poured in from across the country, with sporting icons Gautam Gambhir, R Praggnanandhaa, and Olympic medallist shooter Manu Bhaker sending their heartfelt messages.
Knowledge workers and mid-career professionals in India are hopeful that artificial intelligence will positively impact their roles, even as concerns about job displacement persist, especially among younger professionals, a top official of a human capital management solutions provider has said. At a time when AI has become a critical part of an organisation's functioning, many professionals see the positive possibilities of AI.
'The Bhashini Mission has delivered a working technology at large scale, which is as good as or better than the one with MNC tech giants.'
His remarks came in response to several European nations announcing their decision to recognise a Palestinian state during a summit at the UNGA on Monday. While the move was largely symbolic, it added to Israel's diplomatic isolation. Washington, however, has made clear it does not support the step.
Bought ticket to see Neeraj in Paris: Dutch para world javelin champion Roorda
Bought ticket to see Neeraj in Paris: Dutch para world javelin champion Roorda
'Yes, this is an away game against a good team, but we have to prepare accordingly and think only of one thing -- a positive result.'
'Legally clean farmland is difficult to find. It requires time, money, and legal effort to verify the title.'
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