Page 20 - Latest News
Volumes should continue to grow even if prices soften: Hindustan Zinc CEO
Company plans to double capacity to 2.1 million tonnes in 3-4 years, with expansion and rare-earth exploration underway
 "Volumes should continue to grow even if prices soften: Hindustan Zinc CEO")
Pakistan, Maldives sign 20 MoUs to boost defence, maritime security ties
Pakistan and the Maldives signed 20 MoUs covering defence, maritime security, AI and trade during President Mohamed Muizzu's visit to Islamabad, marking 60 years of diplomatic relations.
 "Pakistan, Maldives sign 20 MoUs to boost defence, maritime security ties")
October MPC minutes: Rate cuts off table as members flag rising inflation
RBI MPC minutes show members concerned about broadening inflation, with two dissenting on the shift to calibrated tightening despite unanimous support for a 25-basis-point rate hike
 "October MPC minutes: Rate cuts off table as members flag rising inflation")
Sundaram MF enters SIF space; Choice MF launches first active equity fund
Sundaram MF enters the SIF segment, Choice MF launches its first active equity scheme, while Edelweiss Alternative Asset Advisors sets a ₹1,585-1,665 price band for its ₹1,200 crore IPO
 "Sundaram MF enters SIF space; Choice MF launches first active equity fund")
Coca-Cola's $5 billion Costa Coffee bet falls short of expectations
Coca-Cola's $5 billion acquisition of Costa Coffee has struggled to deliver expected returns as vending machine challenges, weak US sales and pandemic disruptions hurt its global expansion plans.
 "Coca-Cola's $5 billion Costa Coffee bet falls short of expectations")
Brokerages bullish on Bajaj Finance despite margin and regulatory risks
Bajaj Finance's Q2FY27 profit rose 29% to Rs 6,370 crore, with strong loan growth and higher AUM guidance supporting brokerage optimism despite regulatory and margin risks
 "Brokerages bullish on Bajaj Finance despite margin and regulatory risks")
RBI imposes restrictions on Puducherry Co-op Urban Bank, caps withdrawals
The Reserve Bank on Wednesday imposed several restrictions on Puducherry Co-operative Urban Bank, including capping of withdrawals by a customer at Rs 5,000, in view of the deteriorating financial position of the lender.
 "RBI imposes restrictions on Puducherry Co-op Urban Bank, caps withdrawals")
Rupee gains for eighth straight session, longest winning streak in 8 years
The rupee strengthened to 94.47 per dollar, its strongest level in six weeks, supported by foreign inflows linked to Jio Platforms' IPO and recent RBI measures to curb dollar demand
 "Rupee gains for eighth straight session, longest winning streak in 8 years")
IT stocks gain ₹77,000 crore in value as banking shares weigh on Nifty
IT stocks gained ₹77,000 crore in market value, cushioning the Nifty's 0.34% decline on Wednesday, while banking and financial stocks lost around ₹81,000 crore amid rising bond yields.
 "IT stocks gain ₹77,000 crore in value as banking shares weigh on Nifty")
Marco Rubio terms protests in India as 'internal political matter'
US secretary of state declines comment as UN experts flag police response to youth-led demonstrations
 "Marco Rubio terms protests in India as 'internal political matter'")
Jio Platforms IPO fully subscribed in 100 mins; booked 3.16x on Day 1
QIBs lead at 9.42x their quota, while retail investors subscribe to just 0.73x
 "Jio Platforms IPO fully subscribed in 100 mins; booked 3.16x on Day 1")
Instilling confidence in election process is vital: Supreme Court
Court cites free and fair elections, asks poll panel to review complaints of nomination obstruction
 "Instilling confidence in election process is vital: Supreme Court")
Why Musk backs a $3.5 trillion Tesla-SpaceX merger and what it means
Elon Musk has backed a potential $3.5 trillion merger of SpaceX and Tesla, aiming to combine their AI, robotics, satellite and energy businesses, though regulatory and governance risks remain.
 "Why Musk backs a $3.5 trillion Tesla-SpaceX merger and what it means")
Joint property in your name? Here's why source of funds matters in disputes
A man was ordered to vacate a jointly registered house after the court found that his wife's father had funded its purchase
 "Joint property in your name? Here's why source of funds matters in disputes")
India has expanded higher education. Now it must build on it
India must address faculty vacancies, skills gaps and examination flaws to make educational opportunity more equitable
 "India has expanded higher education. Now it must build on it")
India's WTO moment is now
Along with other middle powers, India must step up to revive the WTO and help reshape its rules in the interests of the Global South
 "India's WTO moment is now")
Flipkart's Big Billion Days draws 9 in 10 shoppers as orders rise 20-22%
Flipkart's 11-day festive sale saw orders, units and buyers rise 20-22% year-on-year, with nearly half of buyers from Gen Z and about 60% from Tier 2-plus cities
 "Flipkart's Big Billion Days draws 9 in 10 shoppers as orders rise 20-22%")
Rupee volatility is a signal
The world is changing structurally, and India needs to adjust
 "Rupee volatility is a signal")
RBL Bank eyes on broking, mutual funds to expand capital market presence
Private sector lender RBL Bank is "evaluating" a foray into the broking and asset management space as part of its move to expand capital market activities, a top official said on Wednesday.
 "RBL Bank eyes on broking, mutual funds to expand capital market presence")
Indian Railways records 77.11% punctuality in FY27 so far, says ministry
Indian Railways says punctuality stood at 77.11% in FY27 so far, compared with 69.2% in FY19, citing improved monitoring, timetable rationalisation and infrastructure upgrades
 "Indian Railways records 77.11% punctuality in FY27 so far, says ministry")