NEW DELHI: Falling rupee puts pressure on Air India‘s cost structure and profitability but the airline has some natural hedge as it can charge more for international flights where tickets are priced in foreign currencies, according to a senior company official. In recent weeks, Indian rupee has been on a decline and touched a record…
NEW DELHI: As the 2025-26 Union budget is drawing close, the Confederation of Indian Industry (CII) submitted a 10-point recommendation to the central government directed towards enhancing the ease of doing business (EoDB) in India. The key suggestion among the proposals is a call to streamline all regulatory approvals across central, state, and local levels…
AMARAVATI: Indichip Semiconductors Ltd along with its joint venture partner Yitoa Micro Technology (YMTL) from Japan, on Saturday inked an agreement with the Andhra Pradesh government to establish India’s first private semiconductor manufacturing facility with an investment of Rs 14,000 crore. This cutting-edge facility will focus on manufacturing Silicon Carbide (SiC) chips, contributing to India’s…
NEW DELHI: Mumbai-based EMA Partners India on Saturday said it is looking to raise Rs 76 crore on the NSE’s Emerge platform through an initial public offering, which will open for public subscription on January 17. The issue with a price band of Rs 117-124 apiece will conclude on January 21. The bidding for anchor…
NEW DELHI: Laxmi Dental has raised Rs 314 crore through anchor investors prior to its public share offering. The anchor round participants included prominent names such as Aditya Birla Sun Life MF, ICICI Prudential MF, HDFC MF, Kotak MF, Mirae Asset MF, Tata MF, Birla Sunlife Insurance, Max Life Insurance, Abu Dhabi Investment Authority, Nomura,…
MUMBAI: SBI chairman C S Setty has called for expanding the pool of listed companies and promoting spot transactions, which are essential for better price discovery since over-reliance on derivatives hampers market depth and liquidity. He also called for moving from private placement toward open offers and use technology to reduce costs.Delivering the keynote address…
NEW DELHI: The department for promotion of industry and internal trade (DPIIT) is holding a meeting with alternate investment funds (AIFs) here to discuss ways to promote funding for startups in the country, an official said. The official added that as many as 75 AIFs are expected to participate in the deliberations. Issues like capital…
MUMBAI: The rupee sank closer to the 86 level, recording its tenth consecutive week of decline against the dollar. The local currency closed at 85.97 against the greenback, down 12 paise from Thursdays’ close of 85.85. The rupee is likely to breach 86 levels on Monday with the dollar index surging sharply late evening after…
NEW DELHI: The country’s industrial output growth rose at its fastest pace in six months in November, led by manufacturing and a statistical base effect while capital goods and consumer durables, infrastructure and construction goods added strength to the numbers.Data released by the National Statistical Office (NSO) on Friday showed the index of industrial production…
BENGALURU: Cognizant increased the India retirement age to 60 years from the existing 58. In an internal memo shared with employees, the firm informed them that this policy would be applicable to all associates in India. “This change aligns with common market practice and our commitment to attract and retain experienced talent,” the communication stated….
