CATEGORIES

Moody's Analytics pegs 2024 GDP growth at 6.1%

No clear evidence of inflation trending down

World trade to fall 1.2% in value this year

WORLD TRADE IS expected to grow this calendar year in terms of volumes after a difficult 2023 but in dollar terms it is still expected to decline 1.2% on year, according to a report by trade policy think tank.

Discoms leverage day-ahead market to cut power costs during peak summer

THE COUNTRY'S POWER distribution entities (discoms) are weighing the Day Ahead Market (DAM) for affordable procurement of power on apprehensions of prices rising on the back of increased demand for electricity during peak summer months.

IIP growth at 4-month high of 5.7% in Feb

INDIA'S FACTORY OUTPUT growth, as measured by the Index of Industrial Production (IIP) rose to a four-month high of 5.7% in February from 4.1% in January, mainly on account of the statistical effect of a low base, government data released on Friday showed.

CPI inflation eases to 4.85%

Core inflation plunges to series low of 3.3%, food prices rise sequentially

TCS beats Street estimates, profit up 12.4% in Q4

WITH INCREASED DEAL wins across industries and geographies, Tata Consultancy Services (TCS) on Friday posted a 12.4% sequential rise in its consolidated net profit at ₹12,434 crore during the January-March quarter, beating Street estimates.

Voda Idea fixes ₹10-11 price band for ₹18,000-crore FPO

Will spend ₹5,700 cr to launch 5G services

Markets feel the jitters on FII selling

BENCHMARK INDICES HAD their worst day in nearly a month on Friday, after hitting fresh lifetime highs in the previous two sessions, as foreign institutional investors (FIIS) turned net sellers in the market.

Ashneer begins second innings in fintech

ONE CAN'T KEEP Ashneer Grover away from fintech for too long. So it seems, going by the famous - or controversial- entrepreneur's latest endeavour. Grover, the former cofounder and managing director of BharatPe, a firm with which he had a bitter separation in 2022, is launching ZeroPe, an app for medical loans.

SBI knocks on RBI door, seeks cap on NBFC lender base

STATE BANK OF India (SBI) has approached the Reserve Bank of India (RBI), requesting it to set a cap on the universe of lenders to nonbanking financial companies (NBFCs). Currently, many NBFCs simultaneously borrow from over 50-60 lenders.

'Politics of hope can't just be about technocratic things. It has to address the deepest spiritual sources that move people'

ATA RECENT Adda, Michael Sandel, one of the world's foremost political  democracy, the rise of authoritarian philosophers, spoke on the state of leaders, and why it's a mistake for progressive parties to allow patriotism and national identity to become a monopoly of the right

ECB leaves rates unchanged

THE EUROPEAN CENTRAL Bank held interest rates steady for a fifth meeting, while sending its clearest signal yet that cooling inflation will soon allow it to commence cuts.

Last entrant Akshay lives Augusta dream

IT HAS BEEN a week to remember for Akshay Bhatia and his parents as the 22-year-old Indian American sealed the last available spot for the Augusta Masters by winning the Texas Open.

From a thin airstrip to a green energy park five times the size of Paris

A NARROW AIRSTRIP that doesn't even have an air traffic controller to guide incoming airplanes and whose only infrastructure is a portable toilet and a make-shift office in a container in the midst of miles of barren land bordering Pakistan is an unlikely gateway to the world's largest renewable energy park.

Vietnam tycoon Lan gets death sentence

A VIETNAM COURT on Thursday sentenced real estate tycoon Truong My Lan to death for her role in a $12 billion fraud case, underscoring the Communist Party's determination to crack down on corruption.

In seat facing Sri Lanka, highlight is OPS fight, and not Katchatheevu

LOCATED DEEP IN southern Tamil Nadu, a state where it is just beginning to make an impact, Ramanathapuram has long been on the BJP's radar.

Army did not need Agnipath, PMO implemented it: Rahul

CONGRESS LEADER RAHUL Gandhi Thursday reiterated his party's stand that it will scrap the Agnipath scheme once it is voted to power, and that this election is to save the Constitution and the democracy.

We enter homes to kill terrorists, says Modi

“Tiranga today a guarantee of safety even in war zones”

GenAI deals rise for Indian IT firms, but far behind Accenture

DOMESTIC IT FIRMS have likely witnessed a slight increase in the number of generative artificial intelligence (GenAI) deals in the March quarter, analysts said. However, they remain far behind in securing significant contracts in the space compared to global giants like Accenture.

TCS earnings seen muted in Q4, may outperform peers

TATA CONSULTANCY SERVICES (TCS) is expected to report subdued earnings for the March quarter, but may still outperform peers Infosys, HCLTech and Wipro, on the back of the BSNL and other large deal wins, and reversal of furloughs. TCS will announce its Q4 earnings after the market hours on Friday.

Tesla to charge up booming luxury EV space

TESLA'S IMMINENT ENTRY into India will further charge up the booming electric luxury car market, which is bereft of any serious competition from Chinese brands.

IMF sees growth edging higher but still warns of 'tepid twenties'

THE INTERNATIONAL MONETARY Fund hinted it will nudge its global growth forecasts slightly higher, while warning that the world economy still risks a \"tepid twenties\" this decade if inflation and debt challenges aren't addressed.

GenAl boom to be built on AWS: Amazon

AMAZON.COM CHIEF executive officer Andy Jassy said his company's cloud infrastructure will become an essential part of the generative artificial intelligence boom.

ADB ups FY25 GDP growth forecast to 7%

THE ASIAN DEVELOPMENT Bank (ADB) has upgraded India's gross domestic product (GDP) growth projections for 2024-25 from 6.7% to 7% and forecast 7.2% growth for 202526, citing robust public and private investment and strong services sector.

Trade ministry may seek interest relief extension by 5 yrs

THE COMMERCE MINISTRY is expected to seek extension of the Interest Equalisation Scheme for exporters for a block of five years instead of a few months when the period of current extension expires on June 30 as it has been of great help in the era of high interest rates, a senior official said.

Jan Dhan balance rises 18% to 2.35 trn in FY24

Average balance per account spikes 22% to ₹4,524

Apple flags spyware threat

APPLE ON THURSDAY warned its users in over 100 countries, including India, against mercenary spyware attacks such as Pegasus in their devices. However, this time it has not used the word \"state-sponsored\", as in its previous threat alerts.

Adani taps banks for $750 mn

ADANI GROUP IS in talks with banks to raise nearly $750 million or ₹6,200 crore to pay for the conversion of warrants allotted by Ambuja Cements. The deadline to make the payment ends on April 18.

CPI rejig: Centre broadens survey

More than 2,800 physical markets being covered

Kiranas fight back as quick commerce hurts sales

Focus on low-unit packs and more home deliveries