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Consumption demand gains strength: Govt

Rise in household savings necessary for private sector capital formation

How Ruturaj became Thala's successor and Chennai's man for the seasons

IT WAS SOMETIME on Thursday morning that MS Dhoni, in his typical style, broke the news to the Chennai Super Kings management after shocking his teammates and support staff over the breakfast table.

Banks' CD ratio to moderate to 75% over FY25-27: Report

BANKS ARE LIKELY to see some relief on the credit deposit (CD) front as the ratio may to moderate to 75% over FY25-FY27, from nearly 80% in the current fiscal, largely led by a lower credit growth and slightly higher deposit growth, brokerage Emkay Institutional Equities said in a report on Thursday.

Ex-Paytm employees run 22 startups worth over ₹10,000 cr

WHILE THE 44 startups of the Flipkart'mafia generally dominate the headlines, a smaller group of Paytm's former employees, who have quit the fintech major to launch 22 startups over the years, has hit collective valuation of ₹10,668 crore, according to a report from Private Circle.

Banks' CD issuances may fall with improvement in liquidity

Banks have raised nearly 8.29 trillion via CDs in the AprilFebruary period

TCS inks seven-year deal with Ramboll

FURTHER STRENGTHENING ITS Nordic links, IT company Tata Consultancy Services (TCS) has signed a multimillion-dollar strategic partnership with Danish firm Ramboll.

Volkswagen to make EV foray in India with ID.4 rollout in Oct-Dec

GERMAN CAR GIANT VOLKSWAGEN will introduce its premium all-electric car ID.4 in the December quarter of 2024 to mark its entry into the burgeoning electric vehicle space in India.

SC puts on hold govt notification on fact check unit

THE SUPREME COURT on Thursday stayed the government's notification dated March 20 forming a fact check unit under the Press Information Bureau (PIB).

‘Lottery king' donated across party lines

THE LARGEST ELECTORAL bonds donor, Coimbatore-based lottery company Future Gaming and Hotel Services, saw a large chunk of its purchases redeemed by two political parties, with Trinamool Congress leading as its biggest beneficiary at ₹542 crore, followed by the DMK at ₹503 crore.

BJP's top 10 donors make up a quarter of total kitty

THE TOP THREE donors of the ruling Bharatiya Janata Party, the biggest beneficiary of electoral bonds, include Hyderabad-headquartered Megha Engineering and Infrastructure, Qwik Supply Chain Private, which is associated with Reliance Industries, and Anil Agarwal-promoted Vedanta.

Bank of England holds interest rates at 5.25%

TWO OF THE Bank of England's most ardent hawks withdrew their support for interest rate hikes, as the UK's central bank voted for a fifth meeting to keep straight policy unchanged.

US sues Apple, accuses it of maintaining iPhone monopoly

THE US JUSTICE Department and 16 attorneys general sued Apple, accusing the iPhone maker of violating antitrust laws by blocking rivals from accessing hardware and software features on its popular devices.

Global cues drive gold to all-time high

GOLD PRICES SURGED by ₹1,130 to hit an all-time high of ₹67,450 per 10 gram in India following strong global trends, according to HDFC Securities.

Dhoni googly stumps brands

MAHENDRA SINGH DHONI never fails to surprise.

Flipkart rejigs pay policy, big bonus for top team

FLIPKART HAS REJIGGED its increment policy for the current year, splitting the annual salary increases into two tranches rather than have those reflecting in an employee's pay structure.

Accenture cuts FY24 sales forecast

ACCENTURE ON THURSDAY lowered its revenue forecast for fiscal 2024, with economic uncertainty prompting its clients to cut spending on its consulting services.

SBI lifts the lid on parties, donors

PUSHED AND PRODDED by the Supreme Court, State Bank of India (SBI), which had sought time until June 30, revealed telling data on electoral bonds on Thursday - from donor details to parties that redeemed the bonds, including the unique alphanumeric codes that link donors to beneficiaries.

ED arrests Kejriwal in Delhi excise policy case

DELHI CHIEF MINISTER Arvind Kejriwal was arrested by the Enforcement Directorate (ED) on Thursday night in an excise policy-linked money laundering case, officials said.

AI Makes Debut In LS Polls With 'New' Videos Of Voice Cloning

A conference organised by a wing of Tamil Nadu's ruling DMK in January 2024 had a surprising guest appearance: M Karunanidhi appeared on a big screen in his trademark black sunglasses, white shirt and a yellow shawl, praising the leadership of his son and Tamil Nadu CM MK Stalin. Except, Karunanidhi died in 2018.

Mutual funds get GST notices for exit load

THE DIRECTORATE GENERAL of Goods and Services Tax Intelligence (DGGI) has sent show-cause notices to a number of mutual fund (MF) companies in recent weeks, seeking to recover a tidy sum from them as Goods and Services Tax (GST) on exitload charges.

Profits won't come so quick

DEEPINDER GOYAL BELIEVES his quick commerce business, Blinkit, could become bigger than Zomato in a year.

EC selection: Centre defends move to drop CJI from panel

THE CENTRE ON Wednesday defended the selection of the two new election commissioners by a committee that excluded the Chief Justice of India, saying the independence of the Election Commission \"does not arise from\" the presence of a judicial member in the selection committee.

Dialogue is way forward: PM Modi

PRIME MINISTER NARENDRA Modi spoke to Russian President Vladimir Putin and Ukraine's President Volodymyr Zelenskyy on Wednesday, conveying India's consistent position in favour of dialogue and diplomacy as the way forward and that it would continue to do everything within its means to support a peaceful solution to the Russia-Ukraine conflict.

No longer a shiny new thing

Lenovo survey brings out AI readiness among Indian CIOs

Apple CEO arrives in China touting its role as iPhone base

APPLE CHIEF EXECUTIVE officer Tim Cook arrived in China on Wednesday touting the country's importance as a market and production base, reaching out to Chinese consumers who may be souring on the maker of iPhones.

Amid rate cut demand & mkt volatility, Das, Buch meet FM

RESERVE BANK GOVERNOR Shaktikanta Das on Wednesday called on finance minister Nirmala Sitharaman, ahead of the central bank's interest rate-setting panel meeting next month.

Offshore funds need not reveal investors in select cases, says Sebi

THE SECURITIES AND Exchange Board of India (Sebi) has exempted offshore funds from naming their investors under certain circumstances, it said on Wednesday, partly easing the disclosure rules it put in place last year.

Podcasts, novels to script audio platforms' growth

Eye fresh capital, lucrative global content deals

India can be home to more aviation hubs, says Wilson

INDIA'S AIRLINE INDUSTRY is growing so fast that the country could support at least one other international hub beyond Mumbai and Delhi, Campbell Wilson, the chief executive officer of Air India, said.

Zomato rolls back its green uniform plan amid backlash

To continue with pure vegetarian delivery fleet