News that keep you updated
$20Bn New Threshold For Local IPOs, Says JP Morgan I Deals Worth $23-25Bn This Yr MUMBAI: New-age companies are revving up India’s hot IPO market which is set to close the year with an estimated $23-$25 billion worth of deals, higher than the tally of $21 billion last year, bankers at J P Morgan said…
MUMBAI: State Bank of India is preparing to hire nearly 1,000 specialists in wealth management as customers show a growing preference for investment products over plain savings. The recruitment, announced through an advertisement for Specialist Cadre Officers, covers relationship managers and customer relationship executives, across major commercial centres such as Mumbai, Bengaluru, Chennai and Delhi….
Housed Under Grasim, Clean Energy Biz Valued At ₹14.6K Cr MUMBAI: BlackRock, one of the world’s largest asset managers, is set to invest Rs 3,000 crore in Aditya Birla Group’s renewable energy business for a minority stake. The business, housed under Grasim, has been valued at Rs 14,600 crore, highlighting the growing investor interest in…
Microsoft is injecting a massive $17.5 billion into India, its largest investment in Asia, to bolster cloud and AI infrastructure. This significant commitment, alongside Google’s plans, underscores India’s growing importance as a global AI hub. The investment aims to enhance skilling and operations, positioning India as a frontier AI nation ready for transformative growth. NEW…
A government panel has proposed a ‘hybrid model’ for AI firms, granting them a blanket license to use copyrighted works for training AI systems. This framework mandates royalty payments to intellectual property rights holders, who cannot opt out. A centralized, non-profit entity will manage these payments, simplifying access for developers and ensuring fair compensation for…
Airlines will make less profit flying a passenger across continents than Apple earns from selling an iPhone cover, International Air Transport Association (IATA) director general Willie Walsh said on Tuesday, underlining the industry’s persistently weak margins, PTI reported.Releasing the global aviation industry’s financial outlook for 2026, IATA projected total net profits at $41 billion next…
Multiple factors are affecting the rupee negatively. (AI image) The Indian rupee is under pressure and has been hitting new lifetime lows – crossing the 90 mark versus the US dollar. The rupee has depreciated 4.9% against the dollar in 2025, positioning itself as the third-worst performer among 31 major currencies, surpassed only by the…
More than 40,000 passengers were impacted by flight cancellations and another over 2.6 lakh faced long delays at Mumbai airport in the past week as IndiGo grappled with severe operational disruptions, Mumbai International Airport Limited (MIAL) said on Tuesday. According to MIAL, a total of 40,789 passengers were affected due to the cancellation of 905…
The US Federal Reserve is widely expected to lower borrowing costs this week, but deep divisions within the policy-making panel suggest further rate cuts will be harder to secure, analysts say.Policymakers are set to meet on December 9–10 amid a complicated economic backdrop, with inflation still running above the Fed’s 2% target even as hiring…
Credit provided by India’s capital markets could eventually surpass bank lending, Kotak Mahindra AMC managing director and CEO Nilesh Shah said on Tuesday, underscoring a structural shift in how the economy is financed.Speaking at an event in Mumbai, Shah said credit, which was traditionally dominated by banks, is increasingly being provided by capital markets and…
