The new AIF rules lay down the red carpet for foreign investors to make a grand front-door entry into the booming Indian start-up space

Gopal Srinivasan: Isn't liberalisation meant to be liberal?

Business Standard

Alibaba Group Holding Ltd. announced Tuesday it's going to sell Chinese department-store chain Intime to a local apparel group for $1 billion. The price is around 30% of the company's valuation

Grubhub

President Vladimir Putin boasted that his military operation in Ukraine has strengthened Russia and denied that the ouster of key ally Bashar Assad in Syria had hurt Moscow's prestige, as he held his annual news conference and call-in show Thursday.
He used the tightly choreographed event, which lasted for about 4 1/2 hours, to reinforce his authority and demonstrate a sweeping command of everything from consumer prices to military hardware.
He claimed that sending troops into Ukraine in 2022 has boosted Russia's military and economic power. He also said that if he could go back in time, he would have thought that such a decision should have been made earlier, and Russia should have prepared for it in advance and more thoroughly.
"Russia has become much stronger over the past two or three years because it has become a truly sovereign country, he said. We are standing firm in terms of economy, we are strengthening our defence potential and our military capability now is the strongest

Putin, Russian President, Vladimir Putin

The initial share sale of Concord Enviro Systems Ltd, an environmental engineering solutions firm, received 59 per cent subscription on the first day of bidding on Thursday.
The initial public offering (IPO) got bids for 29,79,585 shares against 50,15,356 shares on offer, as per data available with the NSE.
The retail individual investors (RIIs) portion received 1.02 times subscription while non-institutional investors part got subscribed 35 per cent.
Concord Enviro Systems has raised Rs 150 crore from anchor investors.
The Rs 500-crore IPO will close on December 23. The shares are available in a price range of Rs 665-701 per share.
The IPO comprises a fresh issuance of equity shares worth Rs 175 crore and an offer-for-sale (OFS) of 46.41 lakh equity shares valued at Rs 325.33 crore, at the upper-end of the price band, by promoters and an investor.
This aggregates the issue size to Rs 500.33 crore.
Those selling shares in the OFS are, promoters Prayas Goel and Prerak Goel, promo

Prime Minister Narendra Modi on Thursday spoke to UK's King Charles and reaffirmed India's commitment to strengthening the comprehensive strategic partnership.
During their discussion, they reflected on the historic relationship and emphasized their shared goal of fostering deeper collaboration in various areas.
They reaffirmed their commitment to strengthening the Comprehensive Strategic Partnership between the two nations which has been a cornerstone of bilateral relations, according to an official statement.
The conversation also touched upon the Commonwealth of Nations, with both leaders exchanging views on the outcomes of the recently concluded Commonwealth Heads of Government Meeting (CHOGM) held in Samoa.
Both countries are key members of the Commonwealth and the dialogue highlighted their dedication to advancing the organization's goals.
Climate action and sustainability emerged as pivotal topics during the exchange.
Prime Minister Modi praised King Charles III for his ..

Modi, Narendra Modi

Bangalore (Karnataka) [India], December 19: iMerit, a software-delivered AI data solutions leader, is expanding. The company has launched an Automotive AI Center of Excellence in the vibrant city of Coimbatore in Tamil Nadu. This is a testament to the potential of the industry. According to a Nasscom report, the international market size of the automotive industry with AI is forecasted to reach a whopping $7.5 billion. The market will also grow at a rate of 21.5% CAGR by 2028, which will be a revolution in the industry.

iMerit launches Automotive AI Center of Excellence in Coimbatore

Markets Today LIVE: Markets in India are likely to come under heavy pressure on Thursday, following the significant decline on Wall Street after the US Fed's hawkish commentary about future rate cuts

market

The key benchmarks - Sensex, Nifty faced another bear attack on Thursday, with the BSE Sensex crashing 1,162 points or 1.44 per cent to its intraday low of 79020

Bear market, markets, bse, nse, sensex, nifty

Analysts believe the largely expected adjustment is a bid by the Fed to nudge cash out of a facility that's widely viewed as a proxy for excessive liquidity in the financial system

US Federal Reserve, Fed

Dhaka has been behind on payments to Adani Power since supply started in July 2023

Adani group

Aditya Birla Money shares hit a record high of Rs 289, as they surged 17 per cent on the BSE in Thursday's intra-day trade amid heavy volumes in otherwise a weak market.

The number of active investors on the National Stock Exchange (NSE) have jumped 44 per cent over the past one year to 47.9 million at the end of September 2024. The surge in active clients is underpinned by the rally in the markets, with the Nifty 50

In our earlier piece in these pages, we highlighted the unwelcome consequences of the exchange rate policy adopted under the outgoing Reserve Bank of India (RBI) regime

chart

The $150 billion of deals involving Gulf firms in 2024 marks a 62 per cent increase from the same period last year, according to data compiled by Bloomberg

Gulf

Sanjay Gupta, President of Asia-Pacific, Google said India's vibrant digital landscape has been a source of immense inspiration and innovation for the company

Preeti Lobana

India vs Australia full scorecard: The tail-enders made India proud as they managed to avoid the follow-on with their 39*-run partnership.

IND vs AUS Day 4

Stock market today, Nifty today: Should a breakout above 24,775 materialise in Nifty50 index, the next resistance levels to watch will be 25,125 and 25,625, Nifty chart shows

Photo: Shutterstock

On Vijay Diwas, PM Modi honoured Indian soldiers whose sacrifices secured victory against Pakistan in the 1971 war, leading to the liberation of Bangladesh

1971 Surrender pic India Pakistan

Allahabad High Court judge Shekhar Kumar Yadav, who purportedly gave controversial statements at a Vishwa Hindu Parishad function, appeared before the Supreme Court collegium on Tuesday, sources said.
According to the sources, Yadav appeared before the collegium headed by Chief Justice Sanjiv Khanna and was asked to put forth his version on the statements made.
The top court on December 10 took note of news reports over the statements and sought a report from the Allahabad High Court on the issue.
"The Supreme Court has taken note of newspaper reports of a speech given by Mr Justice Shekhar Kumar Yadav, a sitting judge of the High Court of Judicature at Allahabad. The details and particulars have been called from the high court and the matter is under consideration," an official statement had said.
According to the established norm, a judge, against whom a report is sought by the apex court collegium on any controversial issue from the high court concerned, is given opportunity to 

Supreme Court, SC

The Centre has described 'One Nation, One Election' as a transformative shift to improve governance, cut costs, minimise disruptions, and streamline the country's electoral process

'One Nation, One Election' proposal likely to have German blueprint

TAC InfoSec share price hit a new high of Rs 1,112.45, locked in an upper circuit for the 9th straight day, and surged 46 per cent during the period

Gopal Srinivasan

Gopal Srinivasan

Gopal Srinivasan

Gopal Srinivasan: Isn't liberalisation meant to be liberal?

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Companies that spent billions on M&A now selling at knockdown prices

Russia's Prez Putin boasts of gains in Ukraine at annual news conference

Concord Enviro IPO receives 59% subscription on first day of offer

PM Modi speaks to King Charles, reaffirms India-UK strategic partnership

iMerit launches Automotive AI Center of Excellence in Coimbatore

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Stock Market Crash Highlights: Sensex sheds 964pts, Nifty ends at 24,951; Banking, IT shares dip

Sensex sinks 1,150pts, Nifty dips below 23,900: What's behind market crash?

Fed cuts key interest rates by 0.25%; reverse repo rate lowered to 4.25%

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal

This Aditya Birla Group stock surged 17% today; up 74% so far in December