In this issue

January 23, 2023

Budget may steer clear of populist measures

Top policymakers comfortable with 6-6.5% growth in FY24

2 mins

Hero Electric looks to raise ₹2K cr to drive expansion

Hero Electric is in search of strategic or financial investors to raise nearly $250 million (around $2,000 crore) to fund its expansion plans, a senior company executive said.

2 mins

Little to cheer for in Q3 early bird results

2.5% rise in profit the least in 10 quarters; non-BFSI companies lag

2 mins

AEL's strongest growth ahead of us, says Adani

Adani group Chairman Gautam Adani (pictured) on Friday said the Adani Enterprises' (AEL) follow-on public offer (FPO) comes at a time when the firm's 'strongest growth' in existing and new businesses is still ahead, and the FPO is targeted to create wealth for the retail shareholders.

1 min

'With the FPO, our assets will now be owned by Indians'

Adani Enterprises (AEL), the flagship company and business incubator of Adani Group, is set to launch its ₹20,000-crore follow-on public offer (FPO) on Friday. AEL will use the money raised to fund green hydrogen projects, airport facilities, and greenfield expressways, besides paring some of its debt. It will sell shares in a price band of 3,112-3,276 apiece in the FPO, slated to open on January 27 and close on January 31. Group Chief Financial Officer JUGESHINDER 'ROBBIE' SINGH, in conversation with Dev Chatterjee and Krishna Kant, talks about the need for more retail investors participating in India's growth story and the group's plans to invest $107 billion in the next decade in infrastructure and green energy projects. Edited excerpts:

2 mins

Stanadyne to invest ₹200 crore in India

US-based auto parts maker Stanadyne is exploring a few locations in western and northern India to establish its second plant in the country.

1 min

Sriperumbudur on a high as Apple suppliers get nod

Luxshare, one of Apple's 14 Chinese suppliers, can now operate in India

2 mins

Record Hot 2023? El Niño May Add Fuel To India's Climate Crisis

Planet-warming threshold of 1.5 P degrees Celsius (1.5°C) is feared to be breached this year, triggering a cascading impact on India's weather patterns, including the monsoon. A 1.5°C increase in the average Earth's temperature is measured over a base of pre-industrial temperature.

3 mins

FPIS PULL OUT ₹15K CR FROM EQUITIES IN JAN SO FAR

Foreign investors pulled out a net amount of ₹15,236 crore this month so far on attractive Chinese markets and concerns about the US economy entering a recession. However, foreign portfolio investors (FPIs) have turned buyers in the last four trading sessions.

1 min

'Constitution hijacked by SC': Rijiju says this is sane view of majority

Law Minister Kiren Rijiju on Sunday sought to support the views of a retired high court judge, who said the Supreme Court \"hijacked\" the Constitution by deciding to appoint judges itself.

1 min

Tripura - The tribe has spoken

Six days: That's all it took for bitter together common front to fight the Assembly elections together to defeat the Bharatiya Janata Party (BJP).

1 min

Finding true Northeast on election compass

The three poll-bound northeastern states may be small in terms of their electoral size but hold larger political significance. While the BJP is pulling out all stops to retain power in Tripura and expand its footprint in the two other states, the Congress and the Left are trying to recapture their lost influence. ADITI PHADNIS looks at the political state of play in these hill states

1 min

School was out, but class was on

After schools remained closed for a long period during the pandemic, many observers expected children and their families to find it difficult to return, resulting in higher dropout rates and lower enrolments in educational institutions.

1 min

Drawing on old relations

The Egypt President being chief guest at the Republic Day parade portends a beneficial partnership

3 mins

Higher priced subscription of Twitter will have no ads

Elon Musk said he will revamp the size and frequency of advertisements that appear on Twitter and plans to roll out a higher-priced subscription model that allows for zero ads.

1 min

Mass shooting near Los Angeles leaves 10 dead

A gunman killed 10 people and wounded 10 others at a Los Angeles-area ballroom dance club following a Lunar New Year celebration, setting off a manhunt for the suspect in the fifth mass killing in the US this month.

1 min

A step too far

Fake news’ rules will damage press freedom

2 mins

Revamping the IBC

Faster insolvency resolution is crucial

2 mins

Absence of immediate drivers puts RIL stock in the back seat

While Q3 performance beat Street estimates, 02C is key to sustaining growth this year

3 mins

Silver May Outperform If China Doesn't Relapse Into Lockdowns

Supply shortages will also support prices, but a global recession could trigger a correction

3 mins

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