Business

Danish brewer Carlsberg has confidentially submitted draft IPO papers for its Indian operations to Sebi. While the timing and progress depend on regulatory approvals and market conditions, the offering is understood to be a secondary share sale. This move signals a potential boost to the IPO market, which is seeing increased activity with other major

India’s economy is showing robust resilience, with strong GDP growth, expanding manufacturing and services, and healthy GST collections. Despite initial global uncertainties and a weaker monsoon, domestic demand and investment remain strong. Government’s sustained capital expenditure, particularly in infrastructure like railways, is front-loaded, boosting sectors like construction and transport, and signaling a positive economic outlook.

The Reserve Bank of India has firmly stated its opposition to legalizing cryptocurrencies, citing concerns about their potential to fund illicit activities like drug trafficking and terrorism. The central bank emphasized the challenges in regulating virtual digital assets, particularly for emerging economies like India. In contrast, the Institute of Chartered Accountants of India sees VDAs

The Indian rupee weakened against the dollar, closing at 95.4, as oil marketing companies reportedly resumed significant dollar purchases for upcoming crude oil imports. This renewed demand for dollars, despite positive global sentiment for Asian currencies and lower oil prices, has raised concerns about rupee volatility. Experts anticipate a potential return to stronger rupee levels

Abu Dhabi’s International Holding Company is significantly expanding its partnership with the Adani Group by investing $11.5 billion in a massive integrated aluminium project in Odisha. This joint venture will establish one of India’s largest aluminium hubs, featuring a refinery, smelter, and power plant. The move comes as Adani Enterprises also launched a $1 billion

The AI boom is driving up the cost of everyday electronics, a phenomenon dubbed ‘chipflation’. Memory chip prices have surged dramatically, impacting everything from smart TVs and smartphones to kitchen appliances. Manufacturers are diverting chip production to AI infrastructure, leading to scarcity and price hikes for consumers. This could significantly slow down upgrades for budget-conscious

Campus hiring faces a new wave of sophisticated cheating, fueled by GenAI. Recruiters are battling hidden devices, AI tools, proxy candidates, and ghost coders. To counter this, companies are increasingly deploying AI-powered proctoring and shifting away from browser-based tests. Experts highlight that live follow-up interviews are proving effective in exposing candidates who relied on AI

Wall Street saw a mixed trading session as a weaker-than-expected US jobs report fueled hopes the Federal Reserve might pause interest rate hikes. The Dow and S&P 500 edged up, while the Nasdaq dipped. Investors are now betting on an 80% chance of the Fed holding rates steady, influenced by easing inflation concerns and falling

Highlighting the growing economic partnership between the two nations, PM Modi said more than 100 new business agreements had been signed over the past year, paving the way for Japanese investments worth over $10 billion in India.