DHL Express to hike prices for parcel deliveries by 6.9% from next year

Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said.

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Novo Nordisk India head eyes 2026 Wegovy launch, warns against copycats

The market opportunity for the drug is huge in the world#39;s most populous country, where obesity rates are high especially among women. Illegal copycat versions of Wegovy are already being sold through online sites.

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Air India completes acquisition of its first A350 aircraft through GIFT City

This is also the first wide body aircraft to be leased through the GIFT City, the country#39;s first International Financial Services Centre (IFSC).

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Is Manappuram Finance a good bet for risk-takers?

Valuation undemanding, but the improvement in the company’s earnings to be incremental

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Is Manappuram Finance a good bet for risk-takers?

Valuation undemanding, but the improvement in the company’s earnings to be incremental

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Unlisted companies have got a free pass for too long, it#39;s time to level the playing field

A special regulatory regime for large unlisted companies is a right step, but it should go beyond preventing malpractices and encourage more transparency too

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Abu Dhabi#39;s IHC to sell stake in two Adani group companies

Overseas investors such as the IHC have backed Adani in the face of allegations raised by U.S. short-seller Hindenburg Research in January that the apples-to-airports conglomerate engaged in stock manipulation and had amassed significantly high debt.

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Anil Agarwal’s Vedanta proposes partial cash payment for bonds

Indian tycoon Anil Agarwal’s mining company is seeking to pay back a portion of the dollar bonds maturing in 2024 and 2025 in cash, with the remainder of the principal deferred for three years from the original due date, the people said, asking not to be identified because the discussions are confidential.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/anil-agarwal’s-vedanta-proposes-partial-cash-payment-for-bonds_17254381.html

SAIL expects four coking coal ships from Russia in September-quarter

The country#39;s largest state-owned steel producer also said the company was working on doubling coking coal production capacity in International Coal Ventures Private Limited (ICVL) at Mozambique.

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Coking coal rates pushing up steel prices in India: JSP MD Bimlendra Jha

Coking coal and iron ore are the two main raw materials used to manufacture steel.

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Adani group appoints new auditor for UK subsidiaries

Ferguson Maidment Co audited the annual accounts that Adani Energy Holdings and its subsidiaries filed with British government agency Companies House last month, FT reported.

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Canara Bank raises Rs 5,000 crore at coupon rate of 7.54 % per annum

"The issue received overwhelming response from investors, with bids for more than Rs 14,180 crore against a base issue size of Rs 1,000 crore and green shoe option of Rs 4,000 crore," it said in a statement.

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Vedanta is preparing to de-merge sprawling operations

The company has informed its lenders of the restructuring and could announce the plans in the coming days, according to the people.

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Qatar Airways executive says invasive gynaecological examinations of passengers won#39;t be repeated

Australian Transport Minister Catherine King said three weeks ago that the examinations of 13 Australian women who had boarded a Qatar Airways plane to Sydney were a factor in her decision in July to refuse the Qatar government-owned airline additional flights to Australia.

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Aditya Birla Fashion acquires 51% stake in TCNS Clothing, becomes promoter

"The company has acquired 51 per cent of the expanded share capital of TCNS, thereby acquiring control over TCNS," ABFRL said in a late night regulatory filing on Tuesday.

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Diamond industry representatives appeal for halting import of rough diamonds amid fall in prices

Additionally the appeal also called for measures to be taken to support the artisans during this period, thereby ensuring that there is no adverse impact on their livelihoods.

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Officials in states continue to function like licence raj days, says Maruti Suzuki chairman RC Bhargava

Speaking at an event here, the veteran industry leader noted that the central government over the last nine years has been bringing in a series of reforms and improvements in the business environment.

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Ambani#39;s children will get no salary, only fee for attending board meetings

While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission.

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OYO set to report maiden profit in Q2

Oravel Stays Ltd had clocked an adjusted EBITDA (Earnings Before Interest Tax Depreciation and Amortisation) of Rs 175 crore in the first quarter of financial year 2023-24 (Q1 FY24) between April-June, Agarwal had told employees in a townhall recently, sources said earlier.

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Cipla introduces drone-powered critical medicine delivery in Himachal Pradesh

The Mumbai-based firm aims to deliver medicines for cardiac, respiratory and other essential chronic therapies as part of the initiative.

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China scoops up cheap Indian iron ore in bid to trim steel costs

India will continue to sell about 3 million tons a month to global markets for rest of the year, CRU Group said.

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India one of the world#39;s most competitive aviation markets: IndiGo CEO Pieter Elbers

IndiGo is the country#39;s largest carrier with a domestic market share of more than 63 per cent and is also expanding its international operations.

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Mercedes on track to continue record sales in 2023 amid surging demand

The carmaker, which sold 15,822 units in the Indian market in 2022, its highest ever in the country so far, anticipates the overall luxury car segment to post its best ever performance this calendar year.

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Is a Collateral Necessary For Getting a Bike Loan?

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8 Best Free Business Bank Accounts: Expert Picks 2023

This article will examine the top free business bank accounts and explain how they can benefit your enterprise.

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Can#39;t interfere in employment agreement between pilots, Akasa Air: DGCA to HC

The DGCA said it would be in the interest of the parties that petitioner airline, Akasa Air, complies with the mandate of the aviation regulator to maintain a limited schedule if it does not have the necessary number of pilots to maintain flight operations.

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Ambulance service provider DIAL4242 closes $10 million seed funding round

This round was led by investors G Vamshi Raju, Starfish Ventures, and several Hyderabad-based angel investors, the company said.

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Nomura retains negative view on Indian rupee despite JPMorgan index inclusion

The rupee had climbed to near 82.80 against the U.S. dollar following JPMorgan#39;s decision to include India in its flagship emerging market index, but it could not sustain the rally and was currently slightly weaker than what it was before the inclusion at 83.1125.

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Delta Corp: Game over or will the house win as always?

The September 22, claim by the tax department is 3.5x Delta Corp’s last closing market cap and more than double the company’s last decade’s revenue. One saving grace is that the company is debt free.

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Capcom sees game sales in India passing those in China in decade

Key to the Osaka-based company’s strategy are securing local tie-ups to lift the profile and sales of its PC games in emerging markets and expanding its offerings of console-quality titles to smartphones, the 58-year-old executive said in an interview. India is a focus area, he said.

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Lupin acquires five brands from Menarini

Lupin has been exclusively marketing these brands in the Indian market since July 2021 under a distribution and promotion agreement with A. Menarini India Private Limited.

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OYO added 2,800 new corporate clients in January-July

The company in its report titled #39;OYO Business Travel Trends Report 2023#39; revealed that it recorded 20 per cent revenue growth from business travel in January-July 2023 against the year-ago period.

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Go First says airline#39;s revival could be derailed by lessors#39; demands

Foreign lessors have been locked in a legal tussle to repossess their aircraft after Go First was granted bankruptcy protection in May, which, as per Indian law, imposed a block on the recovery of 50-plus grounded Airbus planes.

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Sunteck Realty, IFC set up joint platform to invest Rs 750 crore for affordable housing projects

IFC, a member of the World Bank, is the largest global development institution focused on the private sector in emerging markets.

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Apple#39;s iPhone seen gaining market share in India as Pro model demand rises

The company is projected to account for 7% of all smartphone sales in the country from July to December, up from 5% in the first half of 2023, according to data from market researcher Counterpoint shared exclusively with Reuters.

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Nvidia CEO touts India as major AI market in bid to hedge China risks

As the US increasingly clamps down on exports of high-end chips to China and the world seeks an alternative electronics manufacturing base, India could shape up to be a source of AI talent, site for chip production and market for Nvidia’s products.

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Liberty General Insurance appoints Parag Ved as CEO

Prior to joining Liberty, he was the president of consumer lines at Tata AIG General Insurance, the company said in a statement.

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Proposed Competition Regulations: A lawyer’s dream but a nightmare for businesses?

Overly restrictive regulations can stifle economic activity and undo the good done by the economic reforms of the nineties

from Moneycontrol Business News https://www.moneycontrol.com/news/business/proposed-competition-regulations-a-lawyer’s-dream-butnightmare-for-businesses_17245501.html

Govt#39;s OFS in SJVN kicks off, shares skid 9% on BSE

In the 2-day offer for sale (OFS), the government is selling up to 19.33 crore shares or 4.92 per cent stake at a floor price of Rs 69/piece.

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GAIL seeks LNG cargo for October delivery

India#39;s largest gas distributor is seeking the cargo for delivery to the Dabhol terminal between October 19-31.

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12 Best Gold IRA Companies: Reviews Comparison

We#39;ve researched and identified the best gold IRA companies to help you. Investing in gold is a good way to diversify your retirement savings.

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Made in India VFX firm Digikore Studios set for IPO; plans to build a global base

The studio, which has worked on over 200 global projects across films and web series, plans to mop up Rs 30.47 crore through the IPO.

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What Is a Registered Agent, and Why Is It Essential?

This post delves into the concept of a registered agent, what it means, why it’s necessary, what factors you should consider when selecting one.

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Stalwart’s Khemani is betting on agrochemical and agro processing companies

He sees the $60 billion global agrochemical industry maintaining its current pace of growth because of the rising population, the decline in arable land and climate-related disruptions.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/stalwart’s-khemani-is-bettingagrochemicalagro-processing-companies_17243971.html

UBS names South Korea, India, others as #39;slow#39; to nod Credit Suisse deal

UBS has also identified Ireland and Saudi Arabia as "slow jurisdictions" in granting licences, according to the document which was dated Sept. 6 and circulated to global staff, the content of which has not previously been reported.

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Signature Global raises Rs 318.5 crore from anchor investors ahead of public issue

In a regulatory filing, Signature Global informed that under Anchor Investors (AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs 385 per equity share.

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Brazil#39;s Ebanx expands into India in Asian market debut

The move is part of the company#39;s global expansion strategy in developing countries and comes shortly after it announced its move into three nations in Africa last year, the first outside Latin America.

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US-based Hunting, Jindal SAW set up $25 million OCTG threading plant in Nashik

In 2019, pipe-maker Jindal Saw had partnered with Hunting to source its patented connections technology to manufacture finished seamless casing and tubing in India.

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Thailand eyes India to boost tourism recovery after waiving visa for China

Srettha said he would make a trip to India this year with plans to meet his counterpart Narendra Modi and discuss increasing flight frequency between the two countries, including more services by flag carrier Thai Airways International Pcl.

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NTPC mining arm to explore battery minerals overseas

The South Asian country, among the world#39;s top greenhouse gas emitters, has been pursuing pacts with other countries to secure key minerals in resource-rich countries such as Australia, Argentina and Chile. India aims to be a net zero emitter of greenhouse gases by 2070.

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