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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.

  • Amber Enterprises Q1: A temporary pause in an otherwise strong growth story July 28, 2023 10:11 AM IST

    Amber Enterprises Q1: A temporary pause in an otherwise strong growth story

    The contract manufacturer is focusing on diversifying revenue mix through various strategic initiatives while expanding existing capacities

  • Weekly Tactical Pick: Contra call on this chemical pick July 28, 2023 10:12 AM IST

    Weekly Tactical Pick: Contra call on this chemical pick

    Given the growth potential, aggressive investments, and supportive balance sheet, SRF is poised to counter cyclical headwinds better

  • 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.

  • After raising prices sharply, corporate profits get squeezed as inflation eases July 27, 2023 06:24 PM IST

    After raising prices sharply, corporate profits get squeezed as inflation eases

    Consider Tesla, which reported not only stronger profit but also better revenue for the spring than analysts expected. Its stock nevertheless tumbled nearly 10% following the report, as some investors focused on its falling profit margins.

  • Indian Hotels to buy 100% of Pamodzi Hotels for $15 million July 27, 2023 05:38 PM IST

    Indian Hotels to buy 100% of Pamodzi Hotels for $15 million

    The Indian Hotels Company Limited or one of its subsidiaries will purchase 100 percent equity of Pamodzi Hotels which has long term lease hold rights for Taj Pamodzi, Zambia, a luxury hotel.

  • 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

  • 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.

  • Dixon Technologies Q1: Should you cash in on the stock euphoria? July 27, 2023 12:28 PM IST

    Dixon Technologies Q1: Should you cash in on the stock euphoria?

    The herd behaviour in the stock market has pushed the stock valuation into a rich zone

  • 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

  • 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.

  • M&M confirms buying 3.53% stake in RBL Bank for Rs 417 crore July 27, 2023 07:39 AM IST

    M&M confirms buying 3.53% stake in RBL Bank for Rs 417 crore

    M&M clarified that it may consider further investment in RBL Bank, but will not increase its stake beyond 9.9 percent.

  • 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.

  • QIA considering $1 billion stake in Mukesh Ambani’s Reliance Retail July 26, 2023 12:42 PM IST

    QIA considering $1 billion stake in Mukesh Ambani’s Reliance Retail

    The Qatar Investment Authority wants to increase its bets in India and is among parties that are in talks to buy into Reliance Retail Ventures Ltd., said the people, who asked not to be identified as the discussions are private.