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Subscribe to enjoy similar stories. New Delhi: Highway developer Ceigall India Ltd is planning to sell its five road projects under the hybridannuity model (HAM) in a deal having an enterprise value of $540 million, two people aware of the development said. Out of the five, work has started on two, while the other three are awaiting clearances.

The Sensex and Nifty have dropped 10% from peaks on September 27, resulting in the indices entering the technical corrective phase. When an index falls 10% from its peak in a short span, it's considered a correction. A 20% decline makes it a bear phase.

Siemens AG is aiming to tap the AI data centres opportunity in India that has created a need for sustainable electrification and cooling solutions, a senior executive said. “Data centres are growing significantly, double-digit around the world,” Peter Koerte, member of the managing board, Chief Technology Officer, and Chief Strategy Officer at Siemens AG told ET. “The good news for us is being an outfitter of data centres, all the electrification comes pretty much from two or three companies. And so, investors would argue that we and Schneider are the ones that stand to benefit the most.”

Subscribe to enjoy similar stories. Foreign institutional investors (FIIs) have been on a selling spree when it comes to Indian stocks. According to NSDL data, FIIs sold Indian stocks worth more than ₹94,000 crore in October.

The end of the year is often the best time to buy a car

Reserve Bank of India (RBI) deputy governor Michael Patra said on Wednesday. «It is estimated that the digital economy currently accounts for a tenth of India's GDP; going by growth rates observed over the past decade, it is poised to constitute a fifth of GDP by 2026,» he said at an event in Jaipur. He acknowledged that rapid digitalisation and the integration of advanced technologies could pose several challenges. «New technologies also involve challenges: disruptions in respect of traditional technologies and the labour market; resource intensity, demanding substantial investment in technology, learning and infrastructure; potential cyber threats and data breaches; ethical concerns, data privacy and potential malicious use,» he said.

Mukesh Ambani, who is ranked 12th. The list includes six Indian-origin individuals. The list contains leaders from 40 industries, ranging in age from their 30s to their 90s. These individuals are founders, chief executives of great businesses, disrupters, and innovators. Among Indian origins, four out of the five are CEOs of tech giants, while one runs a makeup brand. Mukesh Ambani, India's richest man, who owns the Reliance conglomerate, has solidified his stake in the communications and energy sectors.

Deutsche Bank CEO Christian Sewing may think Germans need to work a bit harder, but German workers' recalcitrance has its benefits. Following complaints in Germany about Deutsche's February «back to the office» push, Deutsche Bank people everywhere are being granted a semi-reprieve. 

Goldman Sachs announced that it had 95 new partners last week, the highest number promoted in nearly a decade. Five of those were in Paris, the first since a single nominee in 2014 — Pierre Hudry, who has since left the firm.

Having a rank above managing director, which you promote people into biannually, has its disadvantages. Any managing director (MD) doesn't get promoted is not happy, particularly if they had reason to believe that they deserved the rise. 

According to the agenda of the meeting, the panel on education, women, children, youth and sports headed by Congress MP Digvijaya Singh will also hear the WCD secretary on the functioning of various statutory and autonomous bodies such as the National Commission for Women, National Commission for Protection of Child Rights, Central Adoption Resource Authority, and the National Institute of Public Cooperation and Child Development. The Prohibition of Child Marriage (Amendment) Bill, 2021, which was introduced in the Lok Sabha in December 2021 was referred to the standing committee and got several extensions.

Managed by Matthew Brett, the fund was launched in 1984 and holds a plethora of Japanese institutions such as SoftBank, Nintendo and Sony, as it aims to outperform the TOPIX index by 1.5% per annum over five years. In the 12 months to 30 September 2024, the fund returned just under 10.8%, short of its target benchmark return of 12.4%, according to data from Morningstar. Baillie Gifford's Iain McCombie: Rightmove's REA rejection 'really good news' for UK M&A Over the long term, however, the fund has performed well against the broader Japanese stock market and IA Japan sector, HL not...

Subscribe to enjoy similar stories. The Indian stock market has been in the global spotlight for what The Economist has called the “largest-ever experiment in participatory capitalism." As share indices hit one peak after another over the past five years, attracting retail interest, India’s investor base has grown explosively. Of the country’s 176 million plus ‘demat’ accounts for equity holdings, a vast majority were opened only in the past five years.

The European Union says it will not renew a fishing agreement with Senegal that has been criticized by many Senegalese

Samantha Harvey won the Booker Prize for fiction on Tuesday with «Orbital,» a short, wonder-filled novel set aboard the International Space Station that ponders the beauty and fragility of Earth. Harvey was awarded the 50,000-pound ($64,000) prize for what she has called a «space pastoral» about six orbiting astronauts, which she began writing during COVID-19 pandemic lockdowns. The confined characters loop through 16 sunrises and 16 sunsets over the course of a day, trapped in one another's company and transfixed by the globe's ever-changing vistas. «To look at the Earth from space is like a child looking into a mirror and realizing for the first time that the person in the mirror is herself,» said Harvey, who researched her novel by reading books by astronauts and watching the space station's live camera. «What we do to the Earth we do to ourselves.»

Subscribe to enjoy similar stories. Five years ago, Estonia’s ministry of justice assigned chief data officer Ott Velsberg to develop an artificial intelligence (AI)-powered “robot judge" to address a backlog of small claims while ensuring that human judges could review and revise the AI judge's decisions. Complex cases in Estonia, though, continue to be tackled by human lawyers and judges.

Subscribe to enjoy similar stories. In India’s vast corporate landscape, several business groups have made their mark, yet few stand as tall as the Tata Group. Known for its strong long-term performance and exceptional corporate governance, the Tatas enjoy a level of trust few others can claim.

Subscribe to enjoy similar stories. Bengaluru: Anup Jain and Rajeev Suri, former managing partners of Orios Venture Partners, have launched a $75 million fund to back a mix of early and late-stage startups in fintech, climate & sustainability and consumer-driven B2C startups under their new investment vehicle – BlueGreen Ventures. “The fund size can increase up to $100 million including the green shoe option," Jain said in an interview with Mint.

Activist investor Elliott Investment Management has taken a more than $5 billion stake in Honeywell International and is calling for the industrial conglomerate to split into two separate companies

China, Korea, and Thailand for five years to guard domestic players from cheap imports from these nations. The duty was imposed as the chemical — Epichlorohydrin — was exported to India from these countries at below-normal prices. «The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier)...,» the department of revenue said in a notification. The levy is imposed following recommendations for the same by the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR).

Subscribe to enjoy similar stories. CAPE TOWN, South Africa—If it looks like a quagga, gallops like a quagga and barks like a quagga, then it probably is a quagga. Or is it? Scientists and conservationists here say they’ve brought a zebralike mammal back from the dead, giving the quagga a major win over the more-famous Woolly mammoth and Dodo bird in the global race to bring animals back from extinction.