CATEGORIES

Flipkart founder to launch AI startup

Billionaire Binny Bansalis launching an AI-as-aservice startup that will target global customers, expanding to the fast-growing segment after making a fortune in Indian e-commerce.

SoftBank keeps faith in WeWork

Startup strikes $3 bn debt-for-equity swap deal with creditors in latest effort at revival by top shareholder

Germany eyes collaboration with Indian startups after China alarm

German authorities are eyeing closer collaboration with Indian startups in mobility, health, energy and advanced materials among other fields, said a German government official, after regulatory and political troubles with China led to a shift in focus toward India.

RITES goes green with new vertical

RITES' new vertical will provide consultancy in all areas of green mobility - EVs, hydrogen, etc

SC orders states to stop crop stubble burning immediately

Directive sent to Punjab, Haryana, Rajasthan and UP; cabinet secy told to meet stakeholders

Customers lacking credit scores suffer as lenders put safety first

Never taken a loan before? It may be harder to get one, should you apply.

B-schools to train startup investors

Board members and investors calling for forensic audits of alleged corporate governance lapses is rising

FMCG growth up in Sep qtr, signs of rural recovery seen

Packaged consumer goods sales rose 9% in value in the September quarter, led by increased demand for savoury snacks and biscuits, along with stronger demand for personal care products in rural markets, according to market researcher NielsenIQ (NIQ).

FPIs trim short positions, lay ground for a pre-Diwali rise

Easing US bond yields and the falling dollar have prompted foreign portfolio investors (FPIs) to prune their near-record bearish bets on Nifty and Bank Nifty futures contracts over the past two sessions through 6 November, raising hopes that the Nifty may gain another 1.5% before Diwali, touching 19,700.

Govt plans cooking gas subsidy boost

95 million PMUY beneficiaries are likely to get additional relief

Stiffer Capital Rules For US Banks Are A Lazy Way To Keep Them Safe

Partly in response to the banking failures of March 2023, US regulators now want to impose higher capital requirements on banks with over $100 billion in assets. But this is a puzzling choice, considering that some of the most egregious risk-taking recently has been found among smaller banks.

Global AI policymakers may need a hubris check

Orders and declarations on artificial intelligence have come thick and fast lately, with the UK's Bletchley Park back in the arc-lights, but AI is far too complex for snappy regulation

How equity funds leverage a few good months for outperformance

Despite market volatility, people should stay invested for the long term to benefit from such outperformance

NEW LOTTERY: THE HUMAN COST OF F&O TRADE

Influenced by experts’, retail traders are flocking to derivatives trading. Most lose their money

Blinken pays visit to West Bank

Blinken said the US was committed to getting aid into Gaza and restoring essential services in the region

Foxconn's sales decline amid probe

Hon Hai Precision Industry Co.'s October sales slid, reflecting uncertainty in its business after Beijing launched an investigation into the world's biggest iPhone assembler.

Bhutan King Wangchuck in Delhi, Jaishankar calls on him

Bhutan King Jigme Khesar Namgyel Wangchuck arrived on Sunday to a red carpet welcome with external affairs minister S. Jaishankar receiving him at the airport, reflecting the importance India has attached to the trip.

DRI search at Havells head office

The Directorate of Revenue Intelligence (DRI) has conducted a search operation at the headquarters of Havells India, a leading manufacturer of electrical goods and appliances.

Highest farm fires in a day in Punjab

Punjab on Sunday reported 3,230 farm  fires, the highest in a day so far this season, while the air quality in large parts of Haryana was recorded in very poor’ and severe’ categories.

Regional films defy the odds, achieve greater success

Despite the recent dominance of big-budget Hindi and South Indian cinema, such as Jawan and Jailer, lesser regional film industries, including Punjabi and Marathi are showing signs of a resurgence.

SBI, BOB look to raise more current, savings deposits

Large public sector banks such as the State Bank of India and Bank of Baroda are working to boost their current and savings accounts ratio (CASA), following the decline in the share of low-cost deposits across the board.

'Corporate lending to rely on borrowers' track record'

Indian corporations have become more prudent in their approach to take on debt for new projects, leading to more caution towards fresh investments. In India, JP Morgan, the world’s largest bank by market cap, said clients are becoming more aware of their debt obligations, prodded by regulatory changes. JP Morgan’s senior country officer for India and vice-chair of the Asia Pacific Kaustubh Kulkarni said in an interview that the bank would look at track record of companies to fund their expansion plans. Edited excerpts:

War of words between BOB, ex-CDO over app

CEO Chand says CDO Handa was dismissed; Handa says he quit on his own

'Outbound travel from India to grow'

India's outbound travel market is set to grow in the coming years, with an increasing focus on high-spending segments, making it a high-priority market for global hoteliers.

JSW Infra targets 50% external biz

Around 36% of overall volume from third-party customers in Sep qtr

Margin sparkles for Titan in Q2

Titan Co. Ltd has so far managed to shield itself from the general demand slowdown. The firm’s pre-quarter update for the three months ended 30 September (Q2 FY24) had shed light on revenue and operational performance. The jewellery business stayed resilient, clocking 19% year-on-year growth in revenue excluding sale of bullion, which is nothing to sneeze at.

IBM India sales bounce back after long slump

For five straight years, its revenues declined and profits fell even more

Govt may not table telecom bill this year

The government is unlikely to table the draft Indian Telecommunications Bill for Parliament’s approval in the upcoming winter session, said two people familiar with the development.

Viability support for pump storage projects on cards

Fiscal support for PSP is being considered as storage systems are highly capital-intensive

Streaming growth slows after boom

The explosion in streaming video fuelled by the covid pandemic has cooled to a sedate pace as new entertainment options open up and cities get saturated with OTT subscriptions.