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One problem that Coal India Ltd has is that its staff costs are elevated. The state-run coal producer’s employee expenses as a percentage of operating revenues stand at about 35%. This is the largest operating expense of the company.

The big players in the cement sector got bigger, thanks to a spate of acquisitions in recent years. This trend may continue as larger companies, with strong balance sheets, seek to boost or maintain their market share through inorganic growth. In contrast, smaller companies that are struggling to compete due to high debt or low profitability will likely exit the market, further driving consolidation.

Endgame, exposes tensions within the British Royal Family, specifically between Prince William and Meghan Markle. Scobie's account depicts the initial phase of Harry and Meghan's romance as a turbulent period, with William expressing concerns about the pace of their relationship. William apparently had a problem with “opinionated" Meghan, the book says.

₹100 crore over the next three to four years. With these internally accrued funds the company plans to enter new markets such as Uttar Pradesh, Karnataka and Rajasthan by 2024, Vinay Khare, its director, told Mint. To support its growth, the company plans to set up its own malt plant with a capacity of 6,000 litres a day, and a new production unit.

Ervin Tu, interim CEO of Prosus, the Dutch-listed technology investment firm, and its parent Naspers, said he is hopeful of a public listing for PayU India by the second half of next year. “We are working very hard to prepare the business (PayU India) to be in a listable form and aim to have it (ready) by the second half of next year,” Tu said.

Uttarakhand tunnel rescue mission came up for discussion during the meeting of the Union Cabinet on Tuesday night, and Prime Minister Narendra Modi was «very emotional», Union minister Anurag Thakur said on Wednesday. Briefing reporters on the decisions taken by the Union Cabinet, Thakur said there was «whole of government» approach and every effort was made to save every life.

cabinet on Wednesday approved the Terms of Reference (TOR) for the sixteenth Finance Commission to recommend the tax distribution between the Union and the States of the net proceeds of taxes, on the measures needed to augment the resources of local bodies and to review the present arrangements on financing Disaster Management initiatives. «The selection of chairman and members will happen soon and the detailed terms of reference will be issued later,» a senior official told ET. The commission once constituted, will give its report by October 31, 2025. The Finance Commission is a constitutional body that determines the method and formula for distributing tax proceeds among the Centre and states. It suggests distribution of taxes and grants and works based on the terms of reference set by the finance ministry for a five-year period, after being approved by the centre. The recommendation of the sixteenth Finance commission will be valid for five years, from April 1, 2026 to March 31, 2031. The Fifteenth Finance Commission was constituted on November 27, 2017.

Franklin Templeton Mutual Fund said Janakiraman Rengaraju, currently the deputy CIO & Senior Portfolio Manager, will assume the role of Chief Investment Officer, Emerging Market Equities – India. Janakiraman will take over from Anand Radhakrishnan, CIO, Emerging Market Equities – India, who will leave the firm effective January 12, 2024, to pursue other opportunities, said a press release. In his new role, Janakiraman will work closely with Avinash Satwalekar, President, Franklin Templeton – India to further strengthen the equity franchise in India, supported by a 16-member team of investment managers and experienced analysts. He will continue to be based at the Franklin Templeton offices in Chennai and will report to Sukumar Rajah, Senior Managing Director & Director of Portfolio Management – EME Asian Equity. Janakiraman joined the firm in 2007 and has close to 27 years of experience in investment management. In his 16 years with Franklin Templeton, he has built an excellent track record in managing various funds. He currently manages several equity funds, including Franklin India Prima Fund, Franklin India Smaller Companies Fund and Franklin India Flexi Cap Fund.

Zee Entertainment Enterprises Ltd. fell 2.58 per cent to Rs 249.1 in Wednesday's trade as of 02:09PM (IST) even as the benchmark Nifty ruled at 20065.05, up 175.35 points. The scrip had closed at Rs 255.7 in the previous session.

Magic 6 Pro or Magic 6 Ultimate, is anticipated to revolutionize the user experience with its cutting-edge features. As per a Notebookcheck report, Honor CEO Zhao Ming has confirmed certain features of the Magic 6 Pro in a conversation with MyDrivers. Reportedly, one of the standout innovations he verified is the incorporation of satellite communication capabilities.

lithium extraction from California’s Salton Sea, as per a report in the LA Times. The analysis found an estimated 18 million metric tonnes of lithium reserves in the depths of the Salton Sea. Lithium is an element that is essential for electric vehicle (EV) batteries and renewable energy storage systems.

Midcap stocks have outperformed the benchmark indices in 2023. These high-growth companies are often picked up by institutions based on factors such as liquidity and valuation. Currently, the wind is flowing towards midcaps and smallcaps as compared to largecaps as euphoria is still building up in the broader market.

China has just recovered after receiving the hit from the aftermath of the COVID-19 pandemic, and now stands in the face of a mysterious pneumonia outbreak, posing serious concerns. The mystery virus has caused an increased number of hospitalisations. A cluster of undiagnosed pneumonia in children was reported in northern China by the media and ProMED on 21 November.

Ervin Tu, interim CEO of technology investor Prosus, said the company has marked down Byju’s valuation further, below $3 billion. Tu, who took over the reins from Bob van Dijk in September, commented on the edtech’s valuation in an earnings call, after disclosing Prosus’s half-yearly results up to September. “We are not disclosing the (exact) valuation, but it is sub-$3 billion,” said Tu. In March, Prosus had valued Byju’s at about $5.1 billion. It holds a stake of nearly 10% in the troubled edtech firm.

Hinduja Group came under an Income Tax survey on November 29, news agency PTI reported. The survey operation was carried out in the said entities located in Mumbai and some other cities, the report said citing official sources. The income tax survey operation is reportedly part of a tax evasion investigation. Under the income tax law for survey operations, only office premises were covered, reports said. An email sent by PTI to the Hinduja Group did not elicit an immediate response. According to sources cited by PTI, the income tax department action is also connected to provisions of the General Anti-Avoidance Rules (GAAR). Hinduja Group owns IndusInd Bank, Hinduja Leyland Finance and Hinduja Bank (Switzerland). The group is currently diversifying and is readying plans to make forays into new tech, digital and fintech. According to the group, this is part of its new phase of growth.

ICICI Lombard General Insurance Company Ltd. fell 0.84 per cent to Rs 1438.3 in Wednesday's session as of 01:54PM (IST) even as the equity benchmark Sensex traded 624.6 points higher at 66798.8. Earlier in the day, the stock witnessed a gap up start to the session.

The new minister for the City of London has called on regulators to adopt a more accommodating approach towards risk-taking in a bid to revitalize the UK’s stagnating economy.

Hinduja Global Solutions (HGS) in Mumbai, as per an ANI report. Besides this, a survey is also underway on Ashok Hinduja, Chairman of the Hinduja Group of companies. More details are awaited.

Elon Musk is expressing concerns about Tesla Inc.'s future, even before the Cybertruck's market debut. While the stainless steel body boasts durability against bullets and arrows, the assembly of its panels presents a formidable challenge, reported Bloomberg. As Tesla's inaugural high-voltage vehicle, it promises quicker charging but also poses potential complications.

₹1,000 mark for the first time. After multiple attempts in the past, today's trading session witnessed the stock successfully crossing this significant threshold, reaching an all-time high of ₹1,007 apiece, gaining 2.24% The stock has exhibited consistent growth in recent years, showcasing its robust performance. Notably, in CY19, it delivered an impressive return of 59%.

₹100 crore between the first and second seasons, Tenzing Niyogi, CEO of the league told Mint. The league is now gearing up for its second season, scheduled to commence this December in Odisha. Last week, Kho Kho Sports League Private Limited, the company behind UKK, successfully concluded a Series A funding round, raising an undisclosed amount from FinNest Sport, a UK-based entity owned by Biswanath Patnaik’s BNP Venture Capital Limited.