The Economic Times
The Economic Times IPO pipeline to remain strong; 10 companies aim to raise Rs 20,000 cr in Dec
Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras Healthcare, and investment bank DAM Capital Advisors are among the companies planning to launch their IPOs in December, merchant bankers said.
The Economic Times India fund outflows largest since March 2022; Japan fund flow turns negative
The shift coincides with a surge in US market inflows, where investor sentiment has turned euphoric following post-election results.
The Economic Times 19 agritech soonicorns, 40 minicorns embracing emerging tech for biz growth: RBI
India's agritech sector is experiencing remarkable growth, with 19 soonicorns and 40 minicorns. Investor interest surged, reaching $1.25 billion in 2021. The government is actively promoting agripreneurship and innovation through various initiatives. Emerging technologies like AI and IoT are being widely adopted. Challenges remain in scaling up operations, including funding constraints and fragmented land holdings.
The Economic Times Vodafone Idea misses Rs 350-crore bank guarantee payment; may not face penal action
The next BG for Vi will become due in February. The company is required to submit a total of about Rs 24,700 crore in BGs in the coming months for past auctions.
The Economic Times IIFCL seeks infra tag for space sector; keen to finance satellite vehicles manufacturing: MD
At the same time, he said, "We would like to engage with the space sector in terms of financing the space satellite vehicles manufacturing and other related areas. So, we have requested the government to include the space sector in the harmonized list of infrastructure so that we can be enabled to provide funding to this sector."
The Economic Times COP29 ends with a weak outcome, India rejects the deal calling it an optical illusion
UN climate talks in Baku concluded with a disappointing $300 billion per year climate finance pledge from developed nations by 2035, falling short of the $1.3 trillion demanded by developing countries. India, a vocal advocate for the Global South, rejected the agreement, deeming it a "paltry sum" and criticizing the inclusion of private finance in the commitment.
The Economic Times India emerges as major hub for GCCs
India is experiencing a surge in global capacity centers (GCCs) as companies recognize its potential as a hub for innovation and R&D. Driven by a skilled workforce and cost-effective solutions, GCCs are occupying a significant portion of new office spaces, with US companies leading the way.
The Economic Times US agency conducting due diligence on Adani’s Sri Lanka project
A US agency is reviewing a loan given to an Adani Group company for a port project in Sri Lanka. The agency is conducting due diligence after bribery allegations were made against the Adani Group's founder. The loan, worth over 500 million dollars, was announced last year. It was intended to be the agency's largest infrastructure investment in Asia.
The Economic Times Amazon advances quick commerce delivery code named Tez
Amazon India is gearing up to launch its quick commerce delivery service, codenamed 'Tez,' by late December or early next year. The move will pit Amazon against established players like Blinkit, Zepto, and Swiggy Instamart in India's rapidly growing quick commerce market. The service is expected to initially focus on groceries and daily essentials.
The Economic Times What does BJP-led Mahayuti's win mean for Maharashtra's economy and India Inc?
Maharashtra's Mahayuti alliance has clinched a historic win, securing 230 of 288 seats. What does this decisive victory mean for India's corporate and Maharashtra's economy? Can the BJP's promises, like a USD 1 trillion economy by 2028 and 25 lakh new jobs, withstand fiscal pressures? Read here:
The Economic Times How will Adani indictment impact Indian banks?
Impact of Adani indictment on Indian l Indian insurtechs sees 12-fold growth l India fund outflows largest since Mar'22
The Economic Times COP29: Climate finance goal topped priority list at Baku
The COP29 climate summit concluded with a new climate finance target of at least $300 billion by 2035 to aid developing nations in transitioning from fossil fuels. The agreement, reached after intense negotiations, will see contributions from various sources, including multilateral development banks.
The Economic Times Majority 55% of Indian economy continues to grow positively: HSBC Global Research
Despite recent fluctuations in the Indian economy, a majority of sectors (55%) continue to show positive growth, according to an HSBC Global Research report. While consumer spending has slowed, government investments and a diversifying export basket are supporting growth. Agriculture is also poised for improvement following favorable weather conditions.
The Economic Times Plea filed in Supreme Court to take US bribery charges against Gautam Adani on record
The US Supreme Court is now involved in the Gautam Adani bribery scandal. A new plea alleges that Adani bribed Indian officials to secure solar energy contracts, echoing accusations made by US prosecutors and the SEC. The plea urges a thorough investigation and a conclusive report from the Securities and Exchange Board of India (SEBI) to maintain investor confidence.
The Economic Times CCI rejects Apple request to put antitrust report on hold
The Competition Commission of India (CCI) in August ordered a recall of investigation reports after Apple said the watchdog had disclosed commercial secrets to competitors in the case dating back to 2021, including Tinder-owner Match. These elements should have been redacted.