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Everstone Capital exits SJS Enterprises by selling remaining 29.5% stake

The stake was bought by investors including some Indian mutual funds, an Everstone spokesperson said, adding that the firm made $66 million from the sale

Blue-chips rise on financials boost; small, mid-caps hit fresh highs

The Nifty 50 index settled 0.25% higher at 19,444, while the S&P BSE Sensex gained 0.33% to 65,433.30

RBI asks some banks to stop taking fresh arbitrage positions in NDF market

"The RBI has told us not to take new outright arbitrage positions," a senior trader at a private sector bank said

India's retail inflation surges on food prices in challenge to Modi govt

Food inflation, which accounts for nearly half of the overall consumer price basket, hit a staggering 11.51% in July as compared with a revised 4.55% in June

From Jio Financial to Zerodha, Indian mutual fund managers going 'passive'

Fund houses have launched 23 passive funds so far this year, half the 45 launched in 2022 and well above 10 in 2019, data from Value Research shows

Goldman sees India IT growth pick up in medium-term; initiates coverage

"Indian IT services companies have doubled their market share in the last 10 years," analysts at Goldman Sachs led by Manish Adukia wrote in a note dated Tuesday

China's Xiaomi wins state planner nod to make EVs amid glut in autos

While NDRC's nod brings Xiaomi closer to mass production of EVs more than two years after it first announced the plans, the venture still needs clearance from the Ministry of Industry and Information

Blood and billions: Here's a look at the cost of Russia's war in Ukraine

Russia's expenditure on the war is a state secret, but it coincides with a major shock to the Russian economy from the toughest ever Western sanctions imposed after the invasion

Equinor inaugurates world's largest floating wind power farm in Norway

Its 88 megawatts of capacity will cover around 35% of annual power demand for five platforms at the Snorre and Gullfaks oil and gas fields in the North Sea, about 140 kms (87 miles) off Norway's west

Unpaid workers, silent sites: China's property woes hit Country Garden

We are all worried," said a labourer surnamed Wang, 50, who said he had stopped work at the Yunhe Shangyuan site last week

Traffic in Suez Canal remains unaffected after collision of two tankers

The two tankers were separated after the collision

S&P Global downgrades multiple US banks on growing liquidity worries

Borrowing costs globally have also surged, with the US Treasury yields hitting their highest in 16 years as the bond market rout entered its sixth week on Tuesday

July Russian oil imports dip; Saudi import down to 2-1/2-yr low: Trade data

India's overall imports also declined 5.2% from June to 4.4 million bpd oil in July, the data showed, as several refining plants are shut for maintenance during monsoon season

Pilots to unite to raise fatigue woes after colleague's pre-flight death

IndiGo, which operates 1,900 flights a day, said it has a comprehensive fatigue management system which tracks various parameters in line with international best practices

Stationery maker Doms files draft papers for $145 mn IPO with Sebi

Milan-listed FILA Fabbrica Italiana Lapis ed Affini SpA, which holds a 51% stake in the company, is selling shares worth Rs 800 cr

India not planning to restrict parboiled rice exports, clarifies food secy

Currently, there are no restrictions on the exports of parboiled rice, which constitutes nearly a third of India's total rice exports

Inflation pressures warrant government, central bank vigilance: FinMin

The ministry's comments come weeks after data showed retail inflation in July rose to its highest in 15 months, as vegetable and cereals prices skyrocketed

Explainer: Why are space agencies racing to the moon's south pole?

Here's what's known about the presence of frozen water on the moon - and why space agencies and private companies see it as a key to a moon colony, lunar mining and potential missions to Mars

North Korea signals reopening with first passenger flight in three years

Cargo train and ship traffic has slowly increased over the past year, but North Korea has only just begun to allow some international passenger travel

Banking system's liquidity slips into deficit for first time in FY24

Banking system liquidity stood at a deficit or 236 billion rupees ($2.84 billion) as of Aug. 21, according to RBI data