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NEW DELHI: Vodafone Idea’s board on Tuesday approved a fundraise of up to Rs 20,000 crore through a combination of equity and equity-linked instruments. Apart from this, the company is also looking to raise an additional Rs 25,000 crore through debt, thereby taking the total fundraise to Rs 45,000...
NEW DELHI: Roche Pharma India on Tuesday launched a drug for the treatment of Multiple Sclerosis (MS), expanding its neurology portfolio to cater to unmet needs of patients grappling with the disease. The company has introduced Ocrevus (Ocrelizumab) which is the first and only approved disease modifying therapy for...
MUMBAI: Sebi’s Whole Time Member Ananth Narayan on Tuesday said circumvention of regulations is an industry-wide and generic issue with the Alternate Investment Fund ecosystem. Narayan stressed that the capital markets regulator wants to learn from the industry and work in close collaboration with it to frame the rules...
NEW DELHI: Companies in India are expected to dole out an average of 10 per cent salary increase this year, with automobile, manufacturing and engineering sectors anticipated to witness the highest hikes, says a survey. In 2023, the average salary hike was 9.5 per cent, according to consultancy firm...
MUMBAI: Benchmark equity indices Sensex and Nifty rebounded on Tuesday following buying in index major Tata Consultancy Services, Tata Motors and Sun Pharma amid mostly firm global markets. The 30-share BSE Sensex climbed 305.09 points or 0.42 per cent to settle at 73,095.22. The index was hit by volatility...
NEW DELHI: Commerce and Industry Minister Piyush Goyal on Tuesday said everything is falling into place for “India story” to flourish and make the country a ‘Viksit Bharat’ or a developed nation by 2047. Addressing a session on ‘Viksit Bharat @ 2047: Viksit Bharat & industry’, organised by industry...
NEW DELHI: India likely grew 6.6% in the third quarter this fiscal year, according to the median of estimates in an ET poll of 15 economists, decelerating from 7.6% in the preceding three months. Forecasts ranged from 6% to 7.2% for the quarter ended December. The Reserve Bank of...
NEW DELHI: India’s proposal to lower the cost of cross-border remittances has found support from many World Trade Organization members including the European Union, officials said. Except for the US, most countries have favoured a work programme at the WTO for cheaper, faster and more accessible cross-border payments including...
NEW DELHI/MUMBAI: The finance ministry and RBI will look at the change of ownership holding or control of listed fintech companies to enable them to be in-sync with regulatory compliance. This was among several key action points that emerged at end of the meeting of fintech and startup companies...
NEW DELHI: The big trading powers like United States, European Union and China have set their priority as reform including getting the dispute settlement system on track, continuation of moratorium on tax on electronic transmissions and negotiations on agriculture and fisheries subsidies for the 13th Ministerial Conference of the...
NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday exhorted Indian Inc to align itself with the goal of ‘Viksit Bharat’ by 2047, when India will complete 100 years of independence. Addressing a session on ‘Viksit Bharat @ 2047: Viksit Bharat & industry’, organised by Ficci, the minister also assured...
NEW DELHI: M&A deal value in India fell 27 per cent in 2023 to USD 136 billion but the deals market is expected to remain steady in the current year, Deloitte India said in a report on Monday. “Amidst significant global challenges posed by high-interest rates, macroeconomic uncertainty, regulatory...
NEW DELHI: The government might look at enhancing the scrutiny of certain class of corporates, including in terms of KYC requirements, as efforts continue to weed out unscrupulous elements and curb possible misdoings, according to a senior official. The matters related to KYC (Know Your Customer), including a simplified...
NEW DELHI: Capital markets regulator Sebi on Monday cautioned investors against fraudulent trading platforms, claiming to facilitate stock market access to Indians through Foreign Portfolio Investors (FPIs) route. Sebi noted that fraudsters are enticing victims through online trading courses, seminars, and mentorship programs in the stock market, leveraging social...
NEW DELHI: IT services firm Wipro on Monday said it has partnered with Finnish telecom and IT company Nokia to deliver private wireless solutions to enterprises. Through this solution, enterprises will be able to create an integrated private environment that they can control to better manage their performance and...
MUMBAI: Passenger vehicle (PV) volumes are expected to log 5-7 per cent growth, touching a new peak for the third straight time in the next fiscal driven by the SUV segment, credit rating agency Crisil said on Monday. This anticipated growth is expected to come on the back of...
NEW DELHI: Proceeds from the Centre’s asset monetisation drive are expected to reach an all-time high in FY25. With three years of experience behind them and the build-up of pipelines, the state-run agencies will likely exceed the FY25 target of Rs 1.67 trillion by a substantial margin, a senior...
NEW DELHI: The average spending on non-food items by rural India surpassed the 50 per cent mark for the first time in 2022-23, with a decrease in the proportion of total expenditure now allocated to food items, according to the latest Household Consumption Expenditure Survey (HCES) released by the...