Vodafone Idea’s ₹35,000-crore loan bid faces fresh lender scrutiny
Despite government relief on AGR dues, lenders are worried about the spectrum debt and the company's ability to compete with Jio and Airtel, given its lower Arpu and lack of 5G.
AI Express to invest Rs 633 crore for revamp
The budget arm of AI had a fleet of 26 Boeing 737 NG (next generation) when the Tatas acquired it along with Air India in Jan 2022. Thanks to the fleet augmentation done by Tatas since then, along with the merger of erstwhile AirAsia India with AI Express, the airline now has a fleet of over 100 aircraft.
Techs sell-off on Dalal Street as Anthropic’s AI-app takes on Indian IT majors’ business
The sharp slide in sector leaders like TCS, Infosys and Wipro, also left BSE’s IT index down 5.5% at close of session. Despite the tech meltdown, sensex closed marginally higher, up 79 points or 0.1%, as strong buying in other index-heavyweights like Reliance Industries and ICICI Bank more than made up for the loss inflicted by the software exporters.
Data centres will help create jobs: Nvidia CEO
In the Budget, FM Nirmala Sitharaman had proposed to provide a tax holiday till 2047 to any foreign company providing cloud services to customers globally by using data centre services from India. It will, however, need to provide services to Indian customers through an Indian reseller entity. Officials said profits on the income from domestic economic activities will remain taxable as any other domestic company.
India 2nd biggest private equity hub for Warburg
The PE major entered Asia in 1994. It came to India two years later, just when the economic reforms under the then finance minister Manmohan Singh had started, and private equity was in its infancy. For the chief, one of the most significant developments in India in recent times was the growth of the domestic capital.
SAMRIDH Scheme Disbursed INR 94 Cr Startup Funding In 5 Years: MoS IT
Minister of State (MoS) for IT Jitin Prasada yesterday informed the Parliament that the Centre has disbursed funds worth INR…
India to be energy-secure in 20-30 years: Mukesh Ambani
Ambani was in conversation with Larry Fink, chairman & CEO, BlackRock Inc, one of the world’s largest investment management firms with assets worth more than $11 trillion. Jio BlackRock is the Indian joint venture between RIL and BlackRock. The RIL chief also said that in the next 20-30 years, India’s GDP could leapfrog from the current level of about $4.5 trillion to about $25-30 trillion.
Crypto awareness outscoring bonds disappoints Sebi chief
Tuhin Kanta Pandey was speaking at the inaugural session of a program on the corporate bond market. The survey results published on Jan 20, showed that among Indian households, the awareness about cryptocurrency was at 15%. In comparison, the corresponding numbers for futures & options was 13% while for corporate bonds and Reits & InvITs it was at 10%.
Berkshire Utility Presses Wildfire Appeal With Billions at Stake
Berkshire Hathaway Inc.’s PacifiCorp is asking an appeals court to throw out a 2023 jury verdict in a wildfire class-action case that has exposed the company to billions of dollars in losses.
Lupin launches topiramate extended-release capsules in US after FDA nod
Lupin has launched topiramate extended-release capsules (25 mg, 50 mg, 100 mg, 200 mg) in the US after FDA ANDA approval. The capsules are bioequivalent to Trokendi XR and are indicated for partial-onset and generalised seizures, Lennox-Gastaut syndrome, and migraine prevention. The US market for the drug is estimated at $164 million annually.