Business
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NoBroker targets profit in 8-10 months
The Economic TimesArchived
NoBroker.com revenue crossed Rs 1,000 crore last fiscal, CEO Amit Kumar Agarwal told PTI. He said the Bengaluru firm aims for profit in 8-10 months and is not raising funds or filing an IPO now. Revenue was Rs 965 crore in 2024-25, with losses cut 25-30 percent to about Rs 300 cr
Kerala Cabinet ends Reimagining Keralam IIM retreat
The Hindu BusinessLineArchived
Kerala's 21-member Council of Ministers ended a two-day Reimagining Keralam retreat at IIM Kozhikode. Director Debashis Chatterjee said Chief Minister V.D. Satheesan and the Cabinet linked ideas to policy. Sessions covered youth, eldercare, entrepreneurship and vacant higher educ
Khyber Group targets Rs 38 crore trout revenue
Business StandardArchived
Jammu and Kashmir's Khyber Group plans to raise trout revenue to Rs 38 crore by FY27. It will invest Rs 60 crore in coming years, Business Standard reported. Khyber Aquaculture has already invested Rs 112 crore. The eight-acre Ganderbal unit aims to lift capacity from 1,200 MT to
Auto parts makers hold Rs 98,000 crore in inventory
The Hindu BusinessLineArchived
Indian auto component firms hold about Rs 98,000 crore in inventory, a Vector Consulting Group report said. Better inventory management could free Rs 29,000-39,000 crore, including Rs 4,000-5,600 crore among MSMEs. MSMEs make up around 80 percent of auto component makers. The stu
Adani Defence signs 5-year AK-203 ammunition supply deal
The Hindu BusinessLineArchived
Adani Defence and Aerospace signed a five-year agreement with Indo-Russian Rifles Pvt Ltd to supply indigenously made 7.62x39 mm ammunition for AK-203 rifles built in India. IRRPL makes the rifles at Korwa in Amethi, Uttar Pradesh, under a 2019 India-Russia pact. The Defence Mini
US Venezuela oil push targets billions owed to China
LivemintArchived
After targeting more than 65 billion barrels of Venezuelan crude reserves, the Trump administration plans to squeeze out China from the sector. US Energy Secretary Chris Wright said Beijing would have no claims on revenue from new Venezuela production. Analysts estimate Venezuela
Modi cites 7.8% GDP growth at SRCC centenary
Business StandardArchived
Prime Minister Narendra Modi said India's 7.8 percent quarterly GDP growth showed economic strength at SRCC centenary celebrations Saturday. He said critics who once placed India among the fragile five now questioned the data amid West Asia conflict and trade barriers. Modi recal
Tata Motors seeks shareholder support for €3.82 billion Iveco deal
The Hindu BusinessLineArchived
Tata Motors has cleared regulatory hurdles for its €3.82 billion takeover of Iveco Group and now needs shareholder support. Exor has committed its 27.06% stake; the €14.10-a-share tender opens on September 7. To reach 80% control, Tata needs another 52.94 percentage points from p
India flags Abhayrab rabies vaccine batch KE25012 as substandard
The Hindu BusinessLineArchived
India's drug regulator flagged Abhayrab rabies vaccine batch KE25012 as substandard and potentially spurious after a potency test failure, a Reuters-seen document shows. Drugs Controller General Rajeev Singh Raghuvanshi asked states on August 27 to maintain strict vigilance over
PVR INOX ousted executive after probe into ₹200 crore kickbacks
The Economic TimesArchived
PVR INOX dismissed growth chief Pramod Arora in April after learning of alleged developer kickbacks worth up to ₹200 crore over several years, people familiar with the matter said. The multiplex chain, formed from the 2023 PVR and INOX merger, operates 1,786 screens across 356 pr
JM Financial starts OnEMI coverage with Rs 385 target
The Hindu BusinessLineArchived
JM Financial initiated coverage on OnEMI Technology with a Buy rating and Rs 385 target, Hindu BusinessLine reported. The stock was near Rs 309.10. OnEMI offers loans via Kissht and had about Rs 8,000 crore AUM in Q1FY27. The brokerage projects 44 percent AUM CAGR from FY26 to FY
Hawell's founder lists Thai ice cream chain for $6 million
The Economic TimesArchived
Siripong Akkarasriyuk listed Hawell's for sale at 165 million baht, about $6 million, as he prepares to enter monkhood. The first shop opened at Central Pinklao in December 1999 and grew to 22 branches within three years. Competition later forced closures, leaving one Bang Bua Th
Tata Realty names Gaurav Jain MD and CEO
Business StandardArchived
Tata Realty and Infrastructure appointed Gaurav Jain as MD and CEO from October 1, 2026. He succeeds Sanjay Dutt, who took the role in 2018. Jain has over 23 years in real estate at Birla Estates, Godrej Properties, Mahindra Lifespace and Unitech. Chairman Praveer Sinha said Jain
SEBI starts hearings over $22.25 million Adani shorts
LivemintArchived
SEBI has begun hearing representations to recover gains from trades linked to prior knowledge of Hindenburg's 2023 Adani report, sources said. In 2024, SEBI said six entities gained $22.25 million from short-selling trades. It named Kingdon Capital Management and a Mauritius Kota
Rentomojo sets ₹384-404 IPO price band
The Hindu BusinessLineArchived
Accel-backed Rentomojo set a price band of ₹384 to ₹404 per share for its $133 million IPO opening September 9, a filing showed. At the top end, the Bengaluru firm targets a valuation of about ₹4,200 crore. It is selling new shares worth up to ₹150 crore. Profit jumped 142% to ₹1
India eyes company registration within hours
LivemintArchived
India is firming up an overhaul of corporate compliance rules to speed company registration and simplify closure, two officials told Mint. The corporate affairs ministry is examining tying some obligations to firm size, sector and risk profile. Company incorporations often take 1
Shoonya launches free FnO Edge options toolkit
The Hindu BusinessLineArchived
Shoonya, Finvasia's digital trading platform, has launched FnO Edge, an options toolkit that combines market analysis, strategy building, risk assessment and execution. It will sit on Shoonya Pro and be free for all Shoonya users. Powered by ClickTrade, it is built for manual tra
UltraTech starts Ultravolt after Rs 1,800 crore outlay
The Hindu BusinessLineArchived
UltraTech Cement's Ultravolt wires and cables unit began commercial production on September 1 after an initial Rs 1,800 crore investment. The Jhagadia plant in Gujarat's Bharuch district has installed capacity of 1.1 million km. UltraTech said on September 2 it plans more than 60
Consob clears Tata Motors Iveco tender offer
The Hindu BusinessLineArchived
Tata Motors said Italy's market regulator Consob approved the offer document for its voluntary tender offer for all common shares of Iveco Group NV. TML CV Holdings will pay 14.10 euros per share on a cum-dividend basis. The acceptance period runs from September 7 to October 26,
HD Hyundai team visits Thoothukudi over shipyard plan
The Hindu BusinessLineArchived
A high-level HD Hyundai delegation is in Thoothukudi for talks on a proposed shipbuilding facility. Meetings with V.O. Chidambaranar Port and Tamil Nadu officials ran Wednesday and Thursday, businessline reported. The cluster is planned over 2,050 acres with a 2.4 km waterfront.
Heavy Industries secretary flags end of EV subsidies
The Hindu BusinessLineArchived
Heavy Industries Secretary Kamran Rizvi told SIAM that EV subsidies will end in coming years. He said support has already ended in some sectors among challenges over four or five years. Electric three-wheelers account for 50 percent of segment sales, above a 10 percent 2026 targe
Nifty falls 141.35 points as Brent nears $97
The Hindu BusinessLineArchived
Indian equities fell for a third session on Wednesday as West Asia tensions lifted crude prices. The Nifty 50 closed at 23,914.45, down 141.35 points or 0.59 percent. The Sensex fell 373.93 points to 76,570.35. Brent crude climbed to around $97 a barrel, up nearly 9 percent on th
World Bank ED rejects 2.6% alternate GDP claim
The Hindu BusinessLineArchived
World Bank ED Neelkanth Mishra rejected claims India grew 2.6 percent in the June quarter, not 7.8 percent, as ill-educated and egregiously wrong. S.C. Garg tied the dispute to a base cut from Rs 86 lakh crore to Rs 80 lakh crore. Mishra said the February 2026 series cleaned the
Charity Commissioner clears 833 Tata Sons shares shift
The Indian ExpressArchived
Maharashtra's Charity Commissioner closed a complaint over the 1989 transfer of 833 Tata Sons shares from Navajbai Ratan Tata Trust to Naval H Tata. The September 2, 2026 order found no further inquiry was warranted under the Maharashtra Public Trusts Act, 1950. Trustee Vijay Sin
India Q1 GDP print of 7.8% draws credibility debate
BBC NewsArchived
India's first-quarter GDP growth came in at 7.8 percent, beating forecasts, according to data discussed this week. Prime Minister Narendra Modi called the print a rebuttal to doomsayers. Congress leader Jairam Ramesh called the numbers statistical gymnastics. Exports grew 12 perc
US envoy says India ties at historic high point
The Economic TimesArchived
US Ambassador Sergio Gor said India-US ties are at a historic high point and both countries are building a fair, reciprocal trade bond. Speaking in New Delhi on Wednesday, he invited Indian companies to invest in US manufacturing, R&D and distribution. He cited the Pax Silica dec
India and EU discuss critical minerals and fintech
The Economic TimesArchived
Finance minister Nirmala Sitharaman and EU economy commissioner Valdis Dombrovskis discussed deeper cooperation in critical minerals, fintech and artificial intelligence in Asheville. The meeting took place on the sidelines of the G20 Finance Ministers and Central Bank Governors
Hexaware names Vivek Jetley CEO after 12 years
LivemintArchived
Hexaware Technologies named EXL executive Vivek Jetley as CEO after Ramakarthikeyan Srikrishna's 12-year tenure ended on Wednesday. Jetley, who headed a $1.4 billion business at EXL, takes charge on October 28. Carlyle owns 74.3 percent of Hexaware. Srikrishna will remain as seni
MoSPI defends 7.8% April-June GDP growth data
The Indian ExpressArchived
MoSPI defended Monday's release that India's GDP grew 7.8 percent in April-June, above the Reserve Bank's 7 percent forecast. It said April-June 2025 nominal GDP moved from Rs 86.05 lakh crore on the old series to Rs 80.00 lakh crore after the 2022-23 base-year shift, not a delib
Private firms seek green status for nuclear funding
The Indian ExpressArchived
Private players asked NITI Aayog to treat nuclear power as green energy so projects can access green bonds, loans and blended finance. Member Abhay Karandikar said industry urged reviews of Finance Ministry, RBI and SEBI green frameworks. Invest India chief Nivruti Rai said India
Austrian glacier returns hiker's backpack 63 years after crevasse fall
The Economic TimesArchived
A hiker who threw his backpack into an Austrian glacier crevasse in 1963 to survive a fall has had it returned after 63 years. The now 86-year-old fell on August 4, 1963, near the Sulztalferner glacier in Tyrol. Another hiker discovered the bag last month at roughly 9,700 feet. T
NSE derivatives turnover hits Rs 34.48 lakh crore low
The Economic TimesArchived
NSE's total monthly equity derivative turnover was Rs 34.48 lakh crore in August, the lowest since November 2023, The Economic Times reported. BSE's August turnover stood at Rs 32.2 crore, the lowest since June 2025. Rajesh Palviya of Axis Securities said the decline largely refl
FSSAI tells five-star hotels to tighten food safety
The Hindu BusinessLineArchived
FSSAI has directed five-star hotels holding central licences to comply with food safety and kitchen hygiene rules. At a Tuesday meeting with hotel chefs, officials flagged unhygienic kitchens, expired goods, weak vegetarian segregation and pest entry points. The move follows noti
UNDP project links 42,000 waste pickers to benefits
The Hindu BusinessLineArchived
More than 42,000 waste workers are linked to Project Utthaan, a UNDP-backed drive treating Safai Mitras as climate partners. Workers cite bank accounts, insurance, e-Shram cards and scheme access since 2020. Delhi worker Joginder Kewat said he earned about Rs 100 to Rs 150 a day
Capri Global raises USD 300 million in debut dollar bonds
The Hindu BusinessLineArchived
NBFC Capri Global Capital said it completed its first US dollar bond issue, raising USD 300 million for growth. The Senior Secured Notes mature in 2029 and carry a 7.55 percent coupon. Capri said the issue was oversubscribed over 2.3 times, with orders above USD 700 million from
MGL hikes CNG Rs 2 per kg from September 1
The HinduArchived
Mahanagar Gas Ltd will raise compressed natural gas prices by Rs 2 per kilogram from September 1 across all retail outlets. Domestic piped natural gas rates will rise by Rs 1 per standard cubic metre. MGL said the hikes offset rising imported spot RLNG costs. CNG will cost Rs 88
Whatfix co-founder Khadim Batti dies at 49
LivemintArchived
Khadim Batti, co-founder and chief executive of digital adoption firm Whatfix, died at 49 after a heart attack, Livemint reported. He founded the Bengaluru company with Vara Kumar in 2014. Whatfix was last valued at nearly $900 million under his leadership. Kumar told staff that
Kargar to become TVS CEO in January
LivemintArchived
Dubai-based Peyman Kargar will take over as TVS Motor chief executive in January from K N Radhakrishnan. Chairman Sudarshan Venu and strategy head Sharad Mohan Mishra are based in Singapore, while Kargar leads international business from Dubai. Siam data shows domestic two-wheele
Wipro TimeScope flags idle laptop days as leave
LivemintArchived
Wipro is rolling out TimeScope software on company-issued laptops to track productivity, including for employees working from home. An email reviewed by Mint said inactive periods on devices can trigger a day's leave if no attendance record backs the day up. Wipro began installin
HSBC joins race to buy PAG's $1.8 billion Nuvama stake
The Economic TimesArchived
HSBC is competing with private equity firms including Brookfield, Warburg Pincus, and General Atlantic to buy PAG's stake in Nuvama, sources said. PAG's 53.98 percent stake is worth Rs 17,336 crore at current market value, about $1.8 billion. PAG relaunched the divestment last mo
India manufacturing PMI slips to 52.8 in August
The Hindu BusinessLineArchived
India's manufacturing PMI fell to 52.8 in August from 53.5 in July, S&P Global reported. That was a five-year low and the third straight monthly decline. The survey covers 400 companies; readings above 50 signal expansion. Employment edged into mild contraction after more than tw
NCLT stays Subhash Chandra Rs 6.25 crore plan
The Hindu BusinessLineArchived
A five-member NCLT Bench stayed an August 25 order approving Essel Group founder Subhash Chandra's Rs 6.25 crore repayment plan. It said no majority view had emerged among earlier members. The Bench restrained Chandra from alienating properties and issued notices to all parties.
JSW MG Motor India sells 7,508 units in August
Business StandardArchived
JSW MG Motor India reported August wholesales of 7,508 units, up 14 percent year on year. August 2025 sales were 6,578 units, the company said on Tuesday. It said ICE and new energy vehicle lines both held momentum. Last month it launched the Tomahawk SUV on the ADAPT platform. T
RBI appoints Suman Ray as executive director
The Hindu BusinessLineArchived
The Reserve Bank of India appointed Suman Ray as executive director with effect from September 1, 2026. Ray was Regional Director for Maharashtra. He will oversee the Department of Deposit Insurance and Credit Guarantee Corporation and the Premises Department. RBI said he has mor
Reliance launches Bombay Creamery ice cream from Rs 10
LivemintArchived
Reliance Consumer Products Limited entered India's ice cream market on September 1 with Bombay Creamery. Prices start at Rs 10 for cones, cups, tubs, bars and sticks made with real dairy cream. The brand will launch first in western India, then expand nationwide. Director T Krish
FTC and 22 states sue Amazon over ad price inflation
LivemintArchived
The US Federal Trade Commission and 22 states sued Amazon on Monday, alleging it secretly overcharged about 1.2 million advertising customers since 2019. The complaint filed in Seattle claims Amazon inflated prices for Sponsored Products, Sponsored Brands, and Sponsored Display a
Tata Trusts seek nod to appoint Tata Sons chair panel
LivemintArchived
Top executives of Tata Trusts have asked the Maharashtra charity commissioner to resolve a deadlock over appointing a new Tata Sons chairman. N. Chandrasekaran told the Tata Sons board on August 12 he would not seek a third term ending 20 February. Sir Dorabji Tata Trust, which o
India GDP grows 7.8%, beating RBI's 7% forecast
The Indian ExpressArchived
India's real GDP grew 7.8 percent in the April-June quarter, above the Reserve Bank of India's 7.0 percent forecast, MoSPI data showed on Monday. Manufacturing rose 9.2 percent and services 10 percent, with the financial and real estate group at 12.1 percent. Gross value added ro
Modi hails 7.8% GDP growth in April-June
The Hindu BusinessLineArchived
Prime Minister Narendra Modi on Monday hailed India's 7.8 percent GDP growth in the April-June quarter of FY 2026-27. In a post on X he called the print a herculean feat despite oil price shocks and supply chain issues. Growth slowed from 8.6 percent in the previous quarter but b
Kotak Bank names Saha and Kashyap for CEO race
LivemintArchived
Kotak Mahindra Bank has recommended executive directors Anup Saha and Paritosh Kashyap to the Reserve Bank of India as internal CEO candidates, two sources said. They would succeed Ashok Vaswani. Vaswani will not seek reappointment when his term ends on December 31, 2026. Banking