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Economic benefits of investing in WASH for corporates
A noteworthy fact in the CSR spends of the past 5 years is the growing emphasis on healthcare, WASH and environment sustainability (JICA Report). This bodes well for achieving India’s net zero goals by 2070.
Bayer partners with Solynta to revolutionise potato farming in India and Kenya
Bayer and Solynta have agreed to collaborate on distributing true potato seeds in Indian and Kenyan markets, marking Bayer's entry into the global potato market. This partnership aims to provide smallholder farmers with high-quality starting material, enabling them to grow disease-resistant potato varieties from true seeds, ultimately improving food security in these regions.
Global Economic Summit 2024 to empower MSMEs through fintech solutions
India's fintech sector is set to host the 9th Global Economic Summit in Mumbai from August 8-10, 2024, focusing on 'FinTech: Accelerating the Digital Revolution.' The event features support from ONDC, DLAI, and Atal Incubation Centre - RMP, with notable speakers discussing evolving market trends and critical technologies.
Vedanta Limited to raise Rs 1,000 cr through private placement of NCDs
Vedanta Limited, a subsidiary of Vedanta Resources, announced plans to raise Rs 1,000 crore through bonds on a private placement basis. The fund raise is part of the company’s routine financing or refinancing activities, the company said in a stock exchange announcement.
India major potential partner for Europe, potential in high tech, digital services: Estonia
Estonia sees India as a major potential partner for Europe, focusing on high technology, digital services, and cyber security. Jonatan Vseviov, Secretary General of the Ministry of Foreign Affairs, highlighted the growing collaboration between the two nations. Tiit Riisalo, Minister of Economic Affairs and Information Technology, emphasized the importance of cyber security cooperation.
Indian automobile industry grows 19 pc to Rs 10.22 lakh cr in FY24: Report
In the two-wheeler segment, India witnessed 10 per cent increase in volume and 13 per cent in value. The three-wheeler segment grew by 16 per cent in volume and 24 per cent in value and the commercial vehicle segment rose by 3 per cent in volume and 7 per cent in value.
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In China's backyard, America has become a humbler superpower
Far from Ukraine and the Gaza Strip, as the Group of 7 wealthy democracies gathered in Italy to discuss a range of old, entrenched challenges, the nature of American power is being transformed across the region that Washington sees as crucial for the century to come: the Asia-Pacific.
Ixigo IPO pops; AI jobs command premium pay
Ixigo lists at about 50% premium, ends day at 20% upper circuit. This and more in today’s ETtech Top 5.
Enhance collaboration with industry to increase effectiveness of apprenticeship: MSDE minister Jayant Chaudhary
During a comprehensive review of the skilling schemes with the top ministry officials, Chuadhary reiterated on providing quality skill training to the youth, across the country, with a special focus on marginalized communities, backward areas, and new-age market relevant skills, the ministry of skills development and entrepreneurship (MSDE) said in a statement.
India, the US and 12 other nations sign Indo-Pacific region economic pact
The US and 13 nations in Asia signed agreements on the Indo-Pacific Economic Framework, part of Biden's strategy to counter China's influence. The pact includes major economies like Japan, India, and South Korea, focusing on renewable energy, climate change, taxation, corruption, and supply-chain management.
Realty Co Total Environment has raised Rs 1600 crore from top lenders
Total Environment has paid off approximately ₹2,070 crore of debt raised from top-tier financial institutions, driven by robust residential sales.
Ixigo IPO opens for subscription. Should you bid?
Ixigo IPO by Le Travenues Technology will open for subscription with a price band of Rs 88-93 per share. Investors can bid for 161 shares in one lot. The IPO closes on June 12.
Law Firm SAM & Co’s Partners Iqbal Khan and Ambarish to Join JSA with 20-Member Team
Iqbal Khan and Ambarish from Shardul Amarchand Mangaldas & Co are moving to J Sagar Associates with their team. The move will enhance JSA's PE and M&A practice, as stated by Amit Kapur and Vivek K. Chandy.
Zoho applies for semiconductor manufacturing facility in India
Software company Zoho, aiming to tap into India's aspirations to become a global semiconductor player, has applied with a partner to set up a semiconductor manufacturing facility in India. Co-founder Sridhar Vembu confirmed the move, citing a stringent evaluation process. The initiative aligns with India's semiconductor manufacturing incentive plan.
Big movers on D-Street: What should investors do with HUL, IRCTC and RVNL?
After enduring their most significant single-day decline in four years, benchmark indices Sensex and Nifty both surged by over 3% each. This impressive rebound was fueled by substantial value buying from investors, particularly as NDA alliance partners initiated discussions on government formation.
Job market recovery may slow, for now
The absence of a decisive mandate in the 2024 elections may impact job market recovery temporarily. Coalition partners will have a stronger voice in policy decisions, affecting investor sentiment. Experts anticipate a short-term slowdown in job creation.
NDA government 3.0 hopes fuel Street rebound
India's equity indices surged over 3% on Wednesday following a 6% plunge due to election results. Stocks rebounded on expectations of NDA forming the government. Market volatility is expected until government formation, with limited upsides currently.
Yield on Goswami Infratech’s Rs. 14,300 Cr NCDs rises from 18.75% to 22%
Goswami Infratech issued rupee-denominated zero-coupon NCDs to investors like Deutsche Bank, backed by group-level monetisation events for debt reduction.
After sales of over Rs 12,000-crore in a day, FPIs could wait & watch
Analysts anticipate pressure on the new government to balance coalition demands with economic policies. U R Bhat expects policy continuity despite BJP's lower seat count.
The ANC party that freed South Africa from apartheid loses its 30-year majority
With nearly 99% of votes counted, the once-dominant ANC had received just over 40% in the election on Wednesday, well short of the majority it had held since the famed all-race vote of 1994 that ended apartheid and brought it to power under Nelson Mandela. The final results are still to be formally declared by the independent electoral commission that ran the election.
Suits & Sayings: Partnership in Peril
ET’s roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours.
Mark Mobius turns bullish on Chinese stocks amid recent rally
Mark Mobius turned bullish on Chinese equities, citing confidence in the recent rebound after advising investors to avoid them in April.
Full majority, just majority, hung parliament: S&P Global Market Intelligence analyses scenarios and road ahead for India
S&P Global Market Intelligence anticipates continued policy emphasis on strategic sectors post the Lok Sabha election, regardless of outcomes. Factors influencing voter choices include economic growth, inflation, employment, and foreign policy. The analysis explores three election result scenarios, projecting implications on sectors and foreign policy strategies.
Not ignoring business with China, but need to be alert: Jaishankar
Speaking at a panel discussion at CII Annual Business Summit, Jaishankar said that as far as national security goes, it is more complex with China.
Indian exports up in 115 nations out of 238 destinations in 2023-24
Despite global economic uncertainties, India's exports increased to 115 countries out of 238 destinations in 2023-24. The merchandise exports slightly declined by 3% to USD 437.1 billion, while services exports rose to USD 341.1 billion. Overall exports (goods and services) reached USD 778.2 billion. India's rank in world merchandise exporters improved from 19th to 17th, with a marginal increase in share from 1.70% in 2014 to 1.82% in 2023.
From boardrooms to law firms: General counsels eye law firm opportunities
A recent survey of 300 general counsels and legal heads of companies has revealed that 43% of respondents are interested in career opportunities at law firms. The survey highlights a preference for stability among respondents, with many looking at law firm opportunities as retirement approaches or in the absence of in-house growth prospects. This trend is underscored by recent high-profile moves, such as former Ola Electric Mobility general counsel Sanjit Nagarkatti joining Economic Laws Practice.
Mumbai and Delhi feature among the World's Top 50 Wealthiest cities, surpassing Washington DC
Mumbai and Delhi have secured positions among the world's top 50 wealthiest cities, surpassing Washington DC in wealth concentration. This ranking, released by Henley and Partners, highlights the economic prowess of these Indian cities and their growing appeal to high-net-worth individuals (HNWIs).
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