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  • Omega, Cartier models gain as Rolex keeps falling July 28, 2023 10:39 AM IST

    Omega, Cartier models gain as Rolex keeps falling

    The Bloomberg Subdial Watch Index fell 1.4% in a month and is now down 16% over the past year.

  • US court denies India's Go First emergency arbitration in Pratt & Whitney dispute July 28, 2023 10:24 AM IST

    US court denies India's Go First emergency arbitration in Pratt & Whitney dispute

    The airline, also known as Go First, had in May sought an emergency arbitration to prevent it from going out of business and blamed Raytheon Technologies-owned engine maker for its financial woes and bankruptcy filing.

  • Magicpin starts selling tomatoes for Rs 70 per kg through ONDC partners July 28, 2023 10:13 AM IST

    Magicpin starts selling tomatoes for Rs 70 per kg through ONDC partners

    Consumers can order tomatoes through magicpin app, Paytm, PhonePe's Pincode, Mystore in Delhi-NCR and select few cities under the arrangement, it said in a statement.

  • Adani returns to loan market as investor confidence improves July 28, 2023 08:14 AM IST

    Adani returns to loan market as investor confidence improves

    Separately, unit Adani New Industries Ltd. has raised $394 million via a loan from Barclays and Deutsche Bank for a solar module project.

  • Emirates steel is said to walk away from Thyssenkrupp steel deal July 28, 2023 07:31 AM IST

    Emirates steel is said to walk away from Thyssenkrupp steel deal

    The state-backed Abu Dhabi company has stopped actively pursuing a deal due to concerns over pension liabilities and other complexities of the business, the people said. Emirates Steel was considered the most serious contender to buy a stake in the Thyssenkrupp unit.

  • Adani lenders weigh up to $750 million loan for Ambuja debt July 28, 2023 07:26 AM IST

    Adani lenders weigh up to $750 million loan for Ambuja debt

    The loan would be syndicated, said the people, who asked not be named as the matter is private.

  • Apollo, Cerberus pile in as private debt assets double in India July 28, 2023 07:09 AM IST

    Apollo, Cerberus pile in as private debt assets double in India

    Apollo Global Management, Cerberus Capital Management LP and Varde Partners are stepping up their operations in the world’s most populous nation, funding billionaires and mid-sized businesses for needs as diverse as acquisitions, bridge financing for initial public offerings, and share buy backs.

  • Adani Transmission renames itself as Adani Energy Solutions July 27, 2023 09:29 PM IST

    Adani Transmission renames itself as Adani Energy Solutions

    Adani Energy Solutions, erstwhile Adani Transmission, is the country’s largest private transmission company, with a presence across 14 states.

  • Oil climbs close to April peak on tighter supply July 27, 2023 04:23 PM IST

    Oil climbs close to April peak on tighter supply

    Oil dropped on Wednesday after data showed U.S. crude inventories fell less than expected and the U.S. Federal Reserve raised interest rates by a quarter of a percentage point, leaving the door open to another increase.

  • Zara billionaire founder’s real estate fortune hits $20 billion July 27, 2023 04:17 PM IST

    Zara billionaire founder’s real estate fortune hits $20 billion

    Fashion billionaire Amancio Ortega’s real estate investments recorded a 19% increase in value in 2022, as it expanded into logistics and added luxury apartment buildings.

  • Saregama India Q1 FY24 results: Profit up 3% at Rs 43 crore on strong content pipeline July 27, 2023 03:41 PM IST

    Saregama India Q1 FY24 results: Profit up 3% at Rs 43 crore on strong content pipeline

    Saregama India Q1 FY24 results: The music segment's revenue grew to Rs 149.1 crore in the June quarter from Rs 127.4 crore in the year-ago period

  • Volkswagen takes steps to boost its China business as first-half earnings fall by 20% July 27, 2023 03:26 PM IST

    Volkswagen takes steps to boost its China business as first-half earnings fall by 20%

    Volkswagen reaffirmed its financial outlook for the year and said it was taking steps to strengthen its business in China, where it has seen sales decline in the face of stronger local competition.

  • McDonald's India franchisee Westlife's profit misses as costs mount July 27, 2023 02:44 PM IST

    McDonald's India franchisee Westlife's profit misses as costs mount

    The franchisee for the U.S. fast-food chain said consolidated net profit after tax rose to 288.3 million rupees ($3.52 million) for the quarter through June from 235.8 million rupees a year earlier.

  • Air India plans to start flights to Los Angeles, Boston July 27, 2023 01:23 PM IST

    Air India plans to start flights to Los Angeles, Boston

    Currently, the airline operates non-stop flights to five American cities -- Washington, DC, New York, New Jersey, Chicago and San Francisco.

  • ASK plans to raise up to $122 million for private debt July 27, 2023 11:54 AM IST

    ASK plans to raise up to $122 million for private debt

    India has also experienced a pickup in private credit activity. Restrictions on bank lending — such as to fund mergers and acquisitions — make it an attractive proposition.

  • Axis Bank Q1 FY24 – Steady show, set to close the valuation gap with peers July 27, 2023 09:20 AM IST

    Axis Bank Q1 FY24 – Steady show, set to close the valuation gap with peers

    With adequate capital, the earnings trajectory looks to be healthy and return ratios should improve further

  • Tech Mahindra Q1 FY24 – A complete washout July 27, 2023 08:40 AM IST

    Tech Mahindra Q1 FY24 – A complete washout

    The earnings trajectory for the coming two years is going to remain uninspiring, making the valuation heady

  • Institutional activism an effective check on unbridled promoter power July 27, 2023 08:18 AM IST

    Institutional activism an effective check on unbridled promoter power

    Given the notorious pusillanimity of independent directors, whose role in Indian companies is in marked contrast to their rising levels of independence in both the US and UK, the onus of raising corporate governance standards in the country falls upon the powerful institutions

  • PMO probing dumping of Chinese stainless steel: Jindal Stainless Executive July 27, 2023 07:32 AM IST

    PMO probing dumping of Chinese stainless steel: Jindal Stainless Executive

    "The Prime Minister's Office has taken up the mantle," Jindal told reporters, adding that the matter was likely being discussed internally.

  • Foxconn unit in talks for $200 million components plant in India's Tamil Nadu: Report July 27, 2023 07:29 AM IST

    Foxconn unit in talks for $200 million components plant in India's Tamil Nadu: Report

    Brand Cheng, CEO of Foxconn Industrial Internet (FII), and other company representatives last week met Tamil Nadu officials including its chief minister to discuss investments in the state, the government said in a statement after the meeting, without elaborating.

  • Unleashing the Wonders of Modern Technology for MSME Success July 26, 2023 05:33 PM IST

    Unleashing the Wonders of Modern Technology for MSME Success

    Welcome to the second article based on the "Small Business to Smart Business" podcast series, presented by DBS Bank and Money Control.

  • Google Workspace gets content organisation update July 26, 2023 03:25 PM IST

    Google Workspace gets content organisation update

    Recent updates to Google Workspace have been oriented around improving formatting, such as viewing non-printing characters and enhancements to content organisation.

  • IndiGo says working with Pratt & Whitney after latest engine inspection July 26, 2023 03:32 PM IST

    IndiGo says working with Pratt & Whitney after latest engine inspection

    RTX Corp on July 25 said at least 1,200 of the Pratt & Whitney GTF engines that power Airbus A320neo jets will need "accelerated removals and inspections."

  • RTX to take up to 60 days to fix each GTF engine with contamination issue July 26, 2023 02:42 PM IST

    RTX to take up to 60 days to fix each GTF engine with contamination issue

    At least 1,200 of the Pratt & Whitney GTF engines that power Airbus (AIR.PA) A320neo jets will need "accelerated removals and inspections," RTX, formerly Raytheon, said earlier on Tuesday when it announced second-quarter results.

  • BHEL synchronises 660 MW Unit-2 of Maitree thermal power project in Bangladesh July 26, 2023 02:34 PM IST

    BHEL synchronises 660 MW Unit-2 of Maitree thermal power project in Bangladesh

    Synchronisation of a thermal power plant means beginning of electricity supply through main grid at prescribed parameters.