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debt markets appear to have come of age, with companies that defaulted on repayment deadlines still able to face potential investors and raise funds, promising a turnaround in their fortunes. Recently, a real estate company with a D rating (indicating default) raised ₹95 crore from the private placement bond market — sending early signs of the evolution of the junk bond market in India. Mumbai-based Damji Shamji Realty raised ₹95 crore from the bond market in mid-December despite being assigned a D rating by India Ratings and Research, according to a stock exchange disclosure.

The yen meanwhile steadied near its recent five-month peak on the prospect that the Bank of Japan (BOJ) could soon mark an end to its ultra-easy policy. For most of 2022 and 2023, the policy has kept the Japanese currency under pressure as other major central banks globally embarked on aggressive rate-hike cycles. Currency moves were largely muted in the day after Christmas, with markets in Australia, New Zealand and Hong Kong still out for the Boxing Day public holiday. Against the greenback, the euro slipped 0.06% to $1.1019, but was not too far from a more than four-month top of $1.1040 hit last week. Sterling was little changed at $1.2701, while the Australian and New Zealand dollars were huddled near their recent five-month peaks. The dollar index languished near a five-month low of 101.42 hit last week, and was last at 101.65. Data released on Friday showed U.S.

Rubrik Inc is eyeing acquisitions as it expands India business cashing in on the large-scale data and digital growth story amid rising number of cyber attacks. “We are very active in both organic and inorganic developments… Having a large presence in India gives us an unfair advantage, not only (on) the scale of talent, but also the ability to acquire and absorb companies here in India… We are looking at great ideas and products around cybersecurity, AI (artificial intelligence) and data security,” Bipul Sinha, chairman, cofounder and CEO of Rubrik, told ET.

passengers, mainly Indian, and previously grounded in France due to suspected human trafficking, touched down in Mumbai during the early hours of Tuesday. According to officials, the aircraft completed its journey, departing from Vatry airport near Paris at approximately 2:30 pm local time and arriving in Mumbai shortly after 4 am. Based on information from French authorities, the aircraft carried 276 passengers when it departed for Mumbai. Twenty-five individuals, including two minors, had indicated their intention to seek asylum and remained on French territory. Two additional individuals were apprehended and subsequently brought before a judge.

Indian economy is likely to grow 6.7% in FY24, according to a median forecast of 11 economists, staying resilient despite external headwinds as domestic demand and improving investments provide support. Prospects have improved from a month ago, when an ET poll pegged the current fiscal year's expansion at 6.3%. However, the median is still short of the recent Reserve Bank of India (RBI) estimate.

RIL Reliance Industries Ltd (RIL) and Walt Disney Co signed a non-binding term sheet in London last week to move ahead with plans to create India’s largest media and entertainment business, ET reported. Aurobindo Pharma The US FDA conducted a pre-approval inspection (PAI) at a new injectable facility of Eugia US Manufacturing LLC (a step-down wholly owned subsidiary of Aurobindo Pharma). The inspection closed with 10 observations. Vedanta Vedanta arm Bharat Aluminium Co (BALCO) received Rs 84 crore GST demand from Bilaspur authorities for FY17-18 on account of various interpretational issues. Infosys A global company terminated the MOU for a $1.5 billion deal with Infosys.

In the unpredictable landscape of cryptocurrency, Bonk (BONK) has emerged as a remarkable new entrant. As the first dog-themed coin on the Solana blockchain, BONK has swiftly ascended to an impressive $1 billion market capitalization, a milestone achieved within an astonishingly short period since its launch on December 25, 2022.

In the rapidly evolving realm of cryptocurrencies, Launchpad XYZ, a comprehensive Web3 trading platform, is garnering significant interest among seasoned crypto experts. Its multifaceted functionalities and innovative approach have led to a remarkable presale achievement, amassing over $2.26 million in funds.

«This is a milder version of Covid-19. Right now, we are not seeing any hospitalisation or severity of the disease, so would want to wait and watch and not do any procurement right away,» said a senior executive at a leading private hospital.

technology company Amagi Media Labs, which was last valued at $1.4 billion, is hoping to become profitable in the first half of 2024, the company's cofounder said. «We are just about a couple of months away from becoming profitable. We hope to become profitable in the first half of 2024,» Amagi Media Labs cofounder & CEO Baskar Subramanian told ET. Amagi's growth rate has tapered as its revenue base has broadened, with annual recurring revenue (ARR) topping $100 million amidst global movement among broadcasters to shift from hardware to cloud-based distribution. «We've been growing almost 100% a year over the last 3-4 years.

Huawei, its chief executive and three other top executives, summoning them to commence prosecution proceedings in a case filed by the Income Tax Department. In an order that offers a major relief to Huawei India, its CEO Li Xiongwei and the others, the sessions court said summoning of the accused «is a serious matter and should not be done in a mechanical manner». The tax department had approached the magisterial court seeking to prosecute the company and the executives on charges of deliberately not providing information sought by it. The magistrate issued the summons in June. In a sharply worded judgement, the sessions court said though no detailed order was required at the stage of summoning, the order «must reflect application of mind by the magistrate».

—Name withheld on request The most important goal for both of you is to accumulate for retirement. Since you also want to travel for a few years after retirement, we will have to factor this in your retirement corpus. For this, some idea of the monthly expenses is always better.

Dharavi, spread over 600 acres of prime land in the heart of the country's commercial capital, Mumbai has intensified the discussion surrounding Transferable Development Rights (TDRs). The concept of TDRs originated in New York City in the early 1960s. While it has been utilized worldwide since then, it has garnered increased attention, particularly in major Indian cities over the past few decades.

NBFCs have been integral to India's formal credit system since Independence, complementing banks in distributing credit. The sector has occasionally been marred by financial accidents, but it has proved resilience each time, followed by improved regulatory frameworks. The first instance of imposing an NBFC regulatory framework was in 1963, empowering RBI to supervise, regulate and control them effectively. This was initiated after a slew of fly-by-night operators denting the trust of household depositors (most NBFCs back then accepted deposits). Multiple government committees since then prompted a series of changes in the NBFC regulatory landscape:

Railway Minister Ashwini Vaishnaw today inspected the first Amrit Bharat train, which features push-pull technology. The train is scheduled to be launched soon by Prime Minister Narendra Modi in Ayodhya. During his inspection, Vaishnaw highlighted the innovative push-pull technology, which he claims significantly increase the speed of the trains as well as passenger comfort.

NBA has come out with five fabulous games on this day. It starts with the Bucks vs. Knicks at noon ET followed by the Warriors vs. Nuggets at 2:30 p.m. ET, Celtics vs. Lakers at 5 p.m. ET, 76ers vs. Heat at 8 p.m. ET. The day ends with the Mavs vs. Suns at 10:30 p.m. ET. Christmas is a day that has always featured the best players in NBA history- LeBron James, Kobe Bryant, Michael Jordan, Tim Duncan and many others.

RV stocks have been struggling to regain traction following the social-distancing craze that drove them to record highs. The problems were rising prices and an inventory glut compounded by high interest rates.

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Chinese embassy and consulates in India will continue to provide consular protection and assistance to the individuals concerned in accordance with the law," Chinese foreign ministry spokesperson Mao Ning said. Mao Ning added that China expects a fair, just, transparent, and non-discriminatory business environment from India.

NEW DELHI : The government is in the final stages of creating special purpose vehicles for the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) parks to boost the textile sector. All formalities to establish SPVs will conclude early next year, two officials aware of the development said.

iVoomi S1 The iVoomi S1 standard variant is equipped with a 2.1 kWh battery pack and a 1.6 kW motor, allowing it to achieve a maximum speed of 55 kmph. With a price tag of Rs 85,000 (ex-showroom), this electric vehicle boasts a claimed range of 105 km on a single charge. Gemopai Ryder Supermax Priced at an introductory ex-showroom cost of Rs 79,999, the Ryder SuperMax features a BLDC Hub Motor delivering a peak power output of 2.7 kW.