India is vrooming down the EV lane; here are 8 takeaways

What will push the pedal on the EV sector, and which segments are likely to hit the fast-track? Planning to invest in the segment? Read on

Parag Agrawal and other desi ‘bright students’ at MNC power club

As Twitter selects an Indian-origin CEO, a look at those who made it to the coveted C-suites at leading global corporates

CoinDCX bullish enough on Indian crypto sector to plan IPO

The IPO move would be part of the digital currency exchange’s efforts legitimise and mainstream the segment in India

Govt has no plans to recognise Bitcoin as currency: Finance Minister

Replying to a question in the Lok Sabha, Union Finance Minister Nirmala Sitharaman on Monday (November 29) said that the government has no plans to recognise Bitcoin as a currency, neither is it collecting data on Bitcoin transactions. Bitcoin, a digital currency that allows people to buy goods and services and exchange money without involving b...

RBI seeks legal amendment to make digital currency legal tender

Central bank asks govt to amend legislation to introduce CBDC, and bring the virtual money under ‘banknote’ definition

More oil to tame oil? What India may gain by releasing crude from reserves

The US-led initiative seeks to increase the quantum of oil in the market to bring down the price; how OPEC+ reacts matters most

TOP 5 FOR THE DAY

Faultlines

Investors poorer by ₹4.48L Cr as markets plummet due to new COVID variant

The wealth of investors eroded by ₹ 4.48 lakh crore during day trade on Friday as the BSE benchmark slipped by 1,488 points tracking weak global trends, soon after the news of a new COVID-19 variant broke out. The 30-share benchmark index tumbled 1,488.01 points during the day to 57,307.08. The market capitalization of BSE-listed dropped ₹4,48,2...

With tax tweaks, Indian bonds may soon get listed on global indices

Such a listing would help the country attract more foreign funds and use the proceeds for it infrastructure projects

EVs will cost the same as petrol vehicles in 2 years: Nitin Gadkari

Indians have still not plugged into the EV market in a significant manner. The EV market is yet to gain traction in the country, and continues to be a small fraction of the automobile industry with reports stating that India will only see 8 per cent new EV car sales in 2030. Industry experts have argued that the price factor and infrastructure limi...

Is phygital banking the way forward? Here’s what bankers say

Even as there is a surge in adoption of digital banking, physical branches will continue to be relevant as a large percentage of customers are more comfortable doing transactions at branches, according to bankers. Banks should make efforts in educating customers about various aspects of digital banking so that they can conveniently use these cha...

What an RJio tariff hike will mean for the telco, its rivals, and the sector

Unless Reliance Jio bridges the discount gap with Airtel and Vi, its revenues may suffer; the churn from rival networks may also hit its capacity

Digital financing company Indifi raises ₹340 crore in funding

Digital financial services company Indifi Technologies said on Wednesday that it has raised ₹340 crore in funding, including ₹140 crore of equity funding from investors like CX Partners and OP Finnfund Global Impact Fund I. “CX Partners and OP Finnfund Global Impact Fund I (the first Finnish global emerging markets impact fund) along with existi...

Value of major digital currencies fall as Centre moots ban on cryptos

The reports suggesting Centre’s inclination towards barring all cryptocurrencies in India, except a few, saw a fall in value of major digital currencies on Wednesday (November 24). The Centre is likely to bring a Bill in the winter session of Parliament to bar all cryptocurrencies in India, barring a few exceptions, and create a framework to reg...

Paytm episode makes startups wary to go IPO way

The lukewarm response to Paytm’s IPO and the subsequent dip in its shares for two consecutive days, not to mention severe losses faced by retail investors who bought its stocks, have discouraged tech companies ready to go public, from taking the plunge yet. According to Edelweiss Financial Services Limited, key IPO prospects “on the periphery” w...

ESG scores: Govt firms lag behind pvt ones, but fast catching up

A good Environmental, Social and Governance rating ensures cheaper debt; state-run firms are increasingly reshaping their operations

9 top companies lose ₹1.47 lakh crore in m-cap, Reliance worst hit

The combined market valuation of nine of 10 most valued companies declined by ₹1,47,360.93 crore last week, with Reliance Industries emerging as the biggest laggard. Infosys was the only gainer from the top-10 list. During the holiday-truncated week, the 30-share BSE benchmark Sensex tumbled 1,050.68 points or 1.73 percent. Markets were closed o...

Sensex tanks over 400 points in early trade; RIL plunges 4 per cent

Equity benchmark Sensex plunged over 400 points in early trade on Monday, tracking losses in index majors Reliance Industries, Kotak Bank and Bajaj Finance amid a weak trend in global markets and persistent foreign fund outflows. The 30-share index was trading 435.74 points or 0.73 per cent lower at 59,200.27. Similarly, the Nifty fell 129.85 po...

Reliance shares slide as $15-b deal with Saudi Aramco grinds to halt

Mukesh Ambani company withdraws NCLT application to spin off flagship O2C arm into separate, green energy-focused entity

Flush with stimulus cash, investors push global IPOs to record levels

Data reveal that nearly 3,000 companies across the world have raised over $600 billion via maiden offers this year

IPO listings of 2021: The top 5 and the bottom 5

Start-up IPOs like Nykaa and Paytm grabbed the limelight, but the ‘quieter’ ones bagged top ranks for listing gains and gains till date

ONGC union slams Oil Ministry’s proposal to sell 60% stakes of key fields

The Union Ministry of Petroleum and Natural Gas’s proposal to Oil and Natural Gas Corporation Ltd. (ONGC) to sell 60 per cent of its stakes in its two key oil fields to foreign companies has left the officers’ union of the company disgruntled. The Association of Scientific and Technical Offices of ONGC has said that the government, instead of gi...

Maruti to steer clear of diesel cars due to stricter emission norms

Maruti Suzuki India (MSI) has ruled out getting back into the diesel segment as it believes sale of such vehicles would further come down with the onset of the next phase of emission norms in 2023, according to a company official.  The country’s largest carmaker believes the next phase of emission norms would increase the cost of diesel vehicles, ...

BH-series registration available in 15 states; 100 charging stations planned

To ensure seamless transfer of personal vehicles across India, 15 states and UTs have so far rolled out the new Bharat Series (BH-series) for registration of personal vehicles, Union Road Secretary Giridhar Aramane said on Friday.

‘Cash burning machine’: Key reasons why Paytm crashed on market debut

In stock market debut, Paytm's high valuation, lack of ‘focus and direction’ in revenue model may have weighed the scrp down

As start-ups troop into capital markets, SEBI to tighten IPO norms

Stock market regulator proposes curbs on how much of the proceeds can be used for M&A; wants keener monitoring of miscellaneous funds

India mulls treating cryptocurrency like gold!

Cryptocurrency has got the Indian government scratching its head about how to regulate it. While the Parliamentary Standing Committee on Finance recently agreed that the digital coins cannot be stopped in the country, the brainstorming continues on whether crypto should be treated as virtual money or a commodity, or an asset. Amid concerns th...