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19.12 / 04:07
markets IPO SUN Experts band recommendations Updates DAM Capital Advisors IPO Day 1 Live Updates: Check GMP, subscription status, review, more
₹269-283, which will be available for public subscription from December 19 to December 23. On Wednesday, it announced that it has secured ₹251 crore from anchor investors, just one day prior to the start of its initial share sale for public subscription.Among the anchor investors listed in a circular posted on the BSE website are Nomura, Goldman Sachs, HSBC, Societe Generale, Nippon India Mutual Fund (MF), HDFC MF, Kotak MF, and Aditya Birla Sun Life MF.
19.12 / 04:07
markets Art Strategy Trade Experts information Department SBI shares drop 2% on Rama Mohan Rao Amara’s appointment as new MD
State Bank of India (SBI) fell by 2.2% on Thursday to an intraday low of Rs 820.10 on the BSE as the company announced the appointment of Rama Mohan Rao Amara as the Managing Director (MD) of the bank. “Vide Notification No. 2/1/2024-BO.I dated 18.12.2024, issued by Department of Financial Services, Ministry of Finance, Government of India, it has been notified that- “In exercise of powers conferred by clause (b) of section 19 read with sub-section (1) of section 20 of the State Bank of India Act, 1955 (23 of 1955), the Central Government hereby appoints Shri Rama Mohan Rao Amara, Deputy Managing Director, State Bank of India as Managing Director in State Bank of India,” said the company in its filing to the exchange.
19.12 / 04:07
markets UPS Manufacturing Volkswagen Strategy Software Simulation A tie-up between Honda and Nissan will not fix their problems
Subscribe to enjoy similar stories. Honda put nostalgia to the fore on December 18th when it announced that the Prelude, a nameplate last produced some 25 years ago, now being relaunched as a hybrid-electric, would come with the option of a system that simulates gear changes and combustion-engine noises. The message, however, was quickly drowned out by news with far more bearing on the Japanese carmaker’s future.
19.12 / 04:07
markets Digital Strategy Software FIFA Experts Schools Real Madrid beats Pachuca in Intercontinental Cup final. Ancelotti wins record 15th title with club
Real Madrid beat Mexican team Pachuca 3-0 in the Intercontinental Cup final Wednesday, making Carlo Ancelotti the most decorated coach in the club's history. Ancelotti lifted his 15th title with the Spanish powerhouse, surpassing the 14 trophies that he and Miguel Munoz had won. Munoz coached the team in the 1960s and 70s. «Very happy, it's a triumph,» said the 65-year-old Ancelotti, who on Tuesday was named men's coach of the year at the FIFA's «The Best» awards. «We didn't get off to a good start but finished well, showing great attitude.» Kylian Mbappe, Rodrygo and Vinicius Junior scored a goal each as Madrid became the most successful club in the competition with four titles. It also won in 1960, 1998 and 2002.
19.12 / 04:07
markets Analysis Food Trade hiv Gilead information Lupin shares in focus after FDA approval for generic HIV tablets
Lupin will remain in focus on Thursday after the drugmaker received approval from the US Food and Drug Administration (FDA) for its abbreviated new drug application (ANDA) for HIV tablets emtricitabine and tenofovir alafenamide tablets, 200 mg/25 mg. «We wish to confirm that the Company has received approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application (ANDA) for Emtricitabine and Tenofovir Alafenamide Tablets, 200 mg/25 mg, to market a generic equivalent of Descovy® Tablets, 200 mg/25 mg of Gilead Sciences, Inc,» Lupin said in an exchange filing.
19.12 / 02:25
UPS Manufacturing Software economy Remark Trade show Services led exports are a mixed blessing for the Indian economy
Subscribe to enjoy similar stories. If every cloud has a silver lining, the glow around India’s data that shows November’s trade deficit at a record high of $37.9 billion is the remarkable performance of service exports. According to provisional numbers released by the government, service exports are projected to overtake merchandise exports in November 2024.
19.12 / 02:15
markets UPS Art CEO security Features Videos Chinese self-driving trucking company pivots to generative AI for video games
Embattled Chinese autonomous trucking company TuSimple has rebranded to CreateAI, focusing on video games and animation, the company announced Thursday.
19.12 / 01:37
markets Volkswagen Racing security track reports shock Mint Quick Edit | Can a Honda-Nissan merger secure an EV boost?
Subscribe to enjoy similar stories. Could Japanese carmakers rally together to push the pedal on electric vehicles (EVs), a fast-emerging market in which they lag their overseas rivals? Honda and Nissan are reported to be exploring a merger.
19.12 / 01:07
markets CEO security Analysis Trade Experts show Rural stress hit microfin show, it could improve in FY26: ICRA
delinquencies in microfinance loans was mainly due to factors such as political disruptions, weather events, and excessive lending, according to industry executives speaking at a webinar hosted by rating agency Icra. Rural households have increasingly prioritised essential expenses and secured loan repayments over microfinance obligations in recent months, contributing to rising defaults. However, executives are optimistic about an improvement in the sector's performance in the next fiscal year.
19.12 / 01:07
Digital Citizens Enterprise Healthcare electronic information gatherings Maharashtra uses GenAI to boost welfare schemes
direct benefit transfer, healthcare schemes and grievance redressal for citizens, Parag Jain Nainutia, principal secretary — general administration (information & technology) at the state government, said at the ET Digital Transformation Dialogues panel discussion. “We are collating, collecting data, using the free flow of data within the state government and within the Government of India … Our idea is there should not be any responsibility on the citizen to submit the same document again and again.
19.12 / 01:07
markets Digital Platform security Software Trade reports An uphill task for new stockbrokers as Sebi cracks down on excessive speculative trades
Venture investors tracking this space mostly talk about the under penetration of the Indian equities market and the growth of the economy as the reasons for investing in new players, despite the known headwinds. Former Swiggy chief technology officer Dale Vaz and Kotak Securities senior executive Manish Jain launched Sahi earlier this month. The company secured $7 million in equity funding from Accel and Elevation Capital.
19.12 / 01:07
markets Digital security Software Enterprise Experts information 'AI will democratise tech, but data security is key'
There is, however, a hesitation over trust and safety around the use of AI, industry leaders said, and called for light-touch regulation to strike a balance between innovation and ethics. “In 2014, we started on the first wave of AI, which was predictive AI,” said Arundhati Bhattacharya, chairperson and chief executive for India at software firm Salesforce. “But it was not democratised. People who were experts or who
19.12 / 01:07
markets UPS Digital Aware Software travelers International P2P payments being evaluated for UPI One World: sources
UPI One World service, which foreign travellers in India use for Unified Payments Interface-based transactions at merchant locations, may be opened up for interpersonal transactions early next year, said two people aware of the deliberations. International travellers in India are allowed to use this mode of payment only for merchant transactions, but once the Reserve Bank of India (RBI) gives its nod for interpersonal transactions, they will be able to use this service to also pay small merchants, public transporters and tourist guides, among others. Currently, five players--Pine Labs, IDFC First Bank, Payworld, Transcorp and Cheq (operated by Trio Tech Solutions)--are enabled on UPI One World.
19.12 / 01:07
markets COST UPS Digital CEO Software Experts CXO pay in India inches close to that of US peers
global capability centres (GCCs) reward leadership with handsome base salaries, bonuses and stock options, executive search and hiring firms like EMA Partners, Insist Consulting, Michael Page, Randstad, Teamlease and Avsar said. While US CXO salaries have grown by 15% between 2020 and 2024, Indian counterparts have seen a rise of nearly 40% in the same period, according to data from recruitment firms. Although the difference between leadership remuneration is vast in absolute terms, when adjusted for purchasing power parity (PPP) and factors such as cost of living and inflation, the difference has narrowed, experts said.
19.12 / 01:07
markets Digital Manufacturing Software Experts innovations reports Deep-tech startups must explore alternative funding options, says VC report
Speciale Invest. The deep tech startups, however, need to consider alternative funding such as venture debt, asset financing, and project financing during their initial stages to address the science risk, the firm's founding partner Vishesh Rajaram told ET. Speciale has been investing in seed-stage startups, and GalaxEye Space, Agnikul Cosmos, ePlane Company, Uravu Labs and CynLr are some of the investee startups. The VC firm’s report titled 'India's Deep Tech Revolution' on the sector, which is slated for release on Thursday and accessed by ET, highlights that the global market share of funding in Indian deep tech startups (1.30%) is significantly lower than the overall funding available to Indian tech startups (3.86%) which needs to be encouraged. It also added that back home, Indian corporations are still warming up to the idea of innovation through deep-tech startups and are yet to see an acquisition of a deep-tech startup.
19.12 / 01:07
markets Provident Digital Software Experts PAM innovations Infosys invests Rs 426 crore in Kolkata AI facility
Infosys, country's second largest IT services giant, on Wednesday announced investment of Rs 426 crore for its new 320,000 square feet development centre in Kolkata. “This state-of-the-art facility with an investment of over Rs 426 crore is designed to accommodate over 4,000 employees in a hybrid working model,” the Bengaluru based company said in a statement. The centre will generate employment opportunities in next-gen technologies such as cloud and artificial intelligence (AI). «The centre will provide employees greater flexibility and enable them to work on new-age technologies such as cloud, AI, and digital, across a diverse range of industries, including manufacturing, logistics, financial services, energy & utilities,» the statement added.
19.12 / 00:31
markets Digital Software Trade Experts Is November trade data 'Gold standard'?
«On noticing the unusual surge, the DGCIS (Directorate General of Commercial Intelligence and Statistics) has taken up a detailed examination of the gold import data. Reconciliation of the data will be done, hopefully within this month,» a commerce and industry ministry official said on condition of anonymity. Trade data for November 2024 may undergo revision following the reconciliation. A trade expert, who did not wish to be identified, said details of imports can be cross-verified with bills of entry, forex outgo and import duty payment-all of which are well documented on the Electronics Data Interchange system.
19.12 / 00:31
markets Booking Waters Analysis Research Trade Experts Va Tech Wabag shares plunge 11% after Saudi order cancellation
Va Tech Wabag tumbled more than 11% on Wednesday after the company announced the cancellation of a ₹2,700 crore order for a 300 MLD mega seawater desalination plant from the Saudi Water Authority (SWA). The stock, which fell as much as 20% intraday, closed at ₹1,672.95 apiece on the BSE. Despite the setback, analysts view the correction as a buying opportunity, citing the company's strong order book of ₹11,900 crore and robust long-term growth prospects.
19.12 / 00:31
markets UPS Digital Software country travelers Destinations Tourism boom to spur 24% annual growth for 5 years
The sector should grow 12-13% in 2025, he told ET in an interview on the sidelines of the 18th annual CII Tourism Summit. The minister said the government is working on several projects to spruce up tourism hubs and to create new ones.
19.12 / 00:31
markets IPO Digital Platform WhatsApp Research President MobiKwik, Vishal Mega and Sai Life make strong D-Street debuts
One MobiKwik Systems, Vishal Mega Mart and Sai Life Sciences made strong stock market debuts on Wednesday, even as the secondary market remained weaker during the day. All three companies listed at premiums of 18-58% and ended higher on Wednesday. The Sensex and Nifty fell nearly 0.6% each on Wednesday after sinking almost 1.3% the previous day. Digital banking platform One MobiKwik Systems listed at Rs 440, about a 57.7% premium to its IPO (initial public offering) price of Rs 279 per share. The stock advanced 20% further to close at the day's highest tradable limit of Rs 528.

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