In this issue

May 08, 2024

FMCG firms move fast on volume growth while rural beats urban

Volume growth seems to be the latest mantra in the fast-moving consumer goods (FMCG) sector.

2 mins

Banks for 1-2% project finance provisioning

RBI proposed 5%; industry sees short-term pain

4 mins

FY25 to be best year for Happiest Minds since IPO: Chairman Ashok Soota

For Happiest Minds Technologies, FY25 is poised to be \"best year ever\" since its stellar listing on the bourses with a 111 per cent premium over its issue price in September 2020, right in the middle of the pandemic.

1 min

Hinduja rejigs consortium to acquire Reliance Capital

New structure will help meet FDI ceiling of 74% for insurance sector

2 mins

Sazerac may hike John Distilleries stake to 60%

Sazerac, the fourth largest American spirits company, is in advanced talks to increase its stake in Bengaluru-based John Distilleries from 43 per cent to a majority stake of 60 per cent.

2 mins

Rural FMCG growth overtakes urban after 5 quarters

India's fast-moving consumer goods (FMCG) sector witnessed growth in rural consumption in volume terms outpace urban consumption for the first time in five quarters, in the JanuaryMarch period.

2 mins

Paytm loses UPI market share for 3rd month

Fintech major Paytm continued to see a dip in Unified Payments Interface (UPI) transactions for the third consecutive month in April, data from the National Payments Corporation of India (NPCI) shows.

1 min

HP in talks with Dixon, VVDN for laptop assembly

HP India is currently in talks with VVDN Technologies and Dixon Technologies to assemble its laptops in the country, according to people in the know.

2 mins

Nilekani-backed people+ai rolls out AI strategy...

An initiative of Nandan Nilekani's EkStep Foundation, people+ai on Tuesday unveiled its vision for the future of Artificial Intelligence (AI) in India, dubbed 'Adbhut India' (Amazing India).

1 min

From barracks to ballot box: service voters on the climb

The number of electors from the armed forces and other similar services has been increasing.

1 min

Phase-III records 61.4% voter turnout on 93 seats

Close to 62 per cent eligible voters turned up at polling booths across 93 Lok Sabha constituencies on Tuesday in the third phase, as the general elections reached the halfway mark.

2 mins

EAR TO THE GROUND Young turks battle it out in LJP's Samastipur bastion

\"Pranam Chacha, apan beti ko vote dena (greetings uncle, please vote for your daughter),\" said 25-year-old Delhi School of Economics (DSE) graduate Shambhavi Choudhary, who was trying to connect with the people of Samastipur, a town 80 km from Patna.

3 mins

Free breakfast to diamond rings, EC on overdrive to boost voter turnout

Low voter turnout in several constituencies has prompted the Election Commission (EC) to take help from civil society, start-ups, traders' association and others to enthuse the electorate to turn up at polling booths.

1 min

EPFO reviewing options after K'taka HC ruling

The Employees' Provident Fund Organisation (EPFO) is ‘actively' evaluating its options following a recent Karnataka High Court judgement that has struck down the inclusion of international workers under the ambit of Employees' Provident Fund (EPF), terming it as \"unconstitutional and arbitrary\".

1 min

Iraq closes gap as Moscow's oil discounts shrink

Tighter US sanctions, Russia's crude output cut hurt discounts to India

3 mins

Global biofuel alliance sets up three-pronged work plan

While it remains without a charter, or a permanent secretariat, the Global Biofuel Alliance (GBA) has adopted a work plan focused on assessing country landscapes, drafting policy frameworks, and conducting biofuel workshops, petroleum and natural gas ministry officials said.

2 mins

Faster services trade data compilation in the works

The commerce department is working on a strategy to compile comprehensive monthly services trade data with a turnaround time of less than 30 days which may enable timely policy making, an official aware of the matter said.

1 min

In FY23, investments in mining, construction, manufacturing fell

Low capacity utilisation meant firms had less incentive to invest: Economists

2 mins

Taylor Swift draws 5 times more US luxury travellers than Olympics

Paris authorities have spent years readying for the almost 2 million international visitors expected for the 2024 Summer Olympics, but they may have overlooked a far bigger phenomenon now coming to the city: Taylor Swift.

2 mins

OpenAI releases deepfake detector

Small group of disinformation researchers to test the tool in real-world situations

2 mins

Sunita-piloted Starliner targets Friday launch

NASA astronaut Sunita Williams heads to board the Boeing's Starliner capsule, for the now postponed mission to the International Space Station PHOTO: AP/PTI BLOOMBERG 7 May The historic first crewed mission of Boeing Co's Starliner space capsule will now target launch as early as Friday, following a technical issue that prevented the initial flight on Monday.

1 min

Israel's troops take control of Rafah border crossing

Israeli forces took control of the Rafah border-crossing in Gaza on Tuesday morning ahead of a possible assault on the city.

1 min

Themeless election India needs a positive agenda

'It has been over 50 days since the Election Commission of India announced the Lok Sabha election and the Model Code of Conduct came into force.

2 mins

Yen's avoidable slide to 1990 level

Failure of existing rules is the prelude to a search for new ones - Thomas S Kuhn (1962)

3 mins

Making family businesses last

Few family-owned firms anywhere in the world last beyond three generations.

3 mins

Rising repatriation

As worrying as the recent decline in gross foreign direct investment is the increasing pace of disinvestment

5 mins

Celebrities liable for products in misleading ads: SC

Social media influencers and celebrities now find themselves in the thick of the Supreme Court's lens as the court on Tuesday said that they'll share equal responsibility for endorsing products or services in misleading advertisements.

1 min

59% rise in 'ghost' shopping mart

Almost ₹6,700 cr 'trapped' in gross leasable space of such shopping centres in 2023: Report

1 min

Volume recovery crucial for Marico's growth in FY25, stock gains

Marico's January-March quarter (Q4) results were slightly better than consensus.

2 mins

Fear factor: India Vix surges to 15-mth high

Uncertainty over election results, US Fed rate cut fan volatility

2 mins

Sebi cracks whip on employee misconduct

The Securities and Exchange Board of India (Sebi) has come out with stringent measures to deal with misconduct and corrupt practices by its staffers.

1 min

Heavyweights drag down markets

Midcap, smallcap indices log biggest fall in nearly two months

2 mins

Mr Dependable: Why Indigo is Rahul Dravid of aviation

Analysts turn bullish as stock soars 83% in past year

3 mins

Prospects and valuation, not past returns, should be your guide

Sector and thematic funds attracted ₹46,137 crore in 2023-24, the largest inflow across all fund categories, according to data from the Association of Mutual Funds in India (Amfi).

3 mins

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