CATEGORIES

Five more Dabur brands cross ₹100 crore sales in FY23

Fast moving consumer goods company Dabur India added five new brands with sales greater than ₹100 crore in FY23, the company said in its fiscal 2023 annual report released to the exchanges on Tuesday.

Iran joins SCO as India hosts summit

Iran joined the Shanghai Cooperation Organisation at its 23rd leaders’ summit, hosted virtually by India as chairman of the grouping.

Zuckerberg looks to hit Musk with Twitter clone

Neta Platforms plans to release a microblogging app called Threads, a new product that is expected to hit the market Thursday, days after Twitter owner Elon Musk announced new strictures that will limit how many posts users see on that platform.

IBA plans common call centre for PSBs

The Indian Banks’ Association (IBA) is working on a proposal to establish a common customer care centre to serve all its 12 public sector bank (PSB) members, aiming to save on costs and offer a consistent customer experience, two people aware of the development said.

16 more food items likely on price watch

Prices of 16 more food items, including eggs, millets, and spices, may be tracked by the government on a daily basis, given the recent spike in retail prices of several essential commodities.

'India offers unmatched scale'

Canada’s Brookfield Asset Management, one of the world’s largest renewable and infrastructure investors, has been investing aggressively in the Indian market, boosting its energy assets in the country fourfold to 16,000MW in just a year.

FPIs turn net debt buyers after 3 yrs

Low volatility, stable rupee, Russia exit drive purchases

How to restart a fitness routine after a break

Fitness coaches dole out advice on how to resume an active lifestyle

Equality in the US has been a fraught proposition all along

Even affirmative action has not fulfilled the US pledge of freedom

The world needs local policies to address the global refugee crisis

Disrupted lives deserve the relief of policies aimed at refugee well-being, welcoming host communities and local integration

Explore every possible solar shield we can use

With climate action proving too slow as danger looms closer than suspected, last week's US push for a study of sunlight reflectors for the planet is welcome but not ambitious enough

Will my office policy cover maternity costs?

Typically, group health insurance policies offered by employers carry a sub-limit for maternity delivery claims. There could be a separate limit for normal and cesarean delivery. So, your eligibility amount would depend on the type of delivery and the sub-limit.

Apple cuts Vision Pro goals, says report

Apple Inc. is slashing production targets for its Vision Pro headset because manufacturers are gad-struggling with the novel get's complex design, the Financial Times reported.

China slaps export curbs on essential chip-making metals

China said on Monday it would slap export controls on two rare metals essential for the manufacture of semiconductors over security concerns, as Beijing and Washington tussle over the global market for chips.

Boeing to source more parts from India

American aerospace giant Boeing is strategically increasing sourcing of aircraft components from India, and is also exploring the potential to set up a manufacturing unit to tap the opportunities offered by the fastest growing aviation market, a senior executive said in an interview.

'Vi enterprise biz little hurt by absence of 5G'

While market leaders Bharti Airtel Ltd and Reliance Jio Infocomm Ltd have secured 5G spectrum and launched services, Vodafone Idea Ltd (Vi) is yet to do so.

Hero rolls out 440cc Harley at ₹2.29 lakh

Hero MotoCorp on Monday stepped into India’s ballooning market for premium lifestyle motorcycles with the launch of Harley Davidson X440, a fully indigenized 440cc motorcycle it has co-created with the Milwaukee-based cult motorbike maker. The motorcycle comes at an aggressive starting price of ₹2.29 lakh ex-showroom, pricing that makes it a disruptive proposition given that it brings the cult brand within reach of the aspirational premium buyer. The motorcycle will be made at Hero MotoCorp’s Neemrana facility, with locally made motors, engines and chassis, with deliveries beginning during the festive season this year.

Go First may return to skies with CFM-powered A320s

Airline eyeing relaunch in July, but before that, it will be facing DGCA audit on 4-6 July

'Micron's India plant to start construction in 4-6 weeks'

Micron Technology, Inc.’s India plant is set to begin construction within four to six weeks, as the Gujarat government has allocated land for the semiconductor factory, said communications and IT minister Ashwini Vaishnaw on Monday.

Retail firms struggle to find quality real estate

Steep rentals, pick-up in pace of expansion by brands have squeezed supply

Indian refiners start payments for Russian oil imports in Chinese yuan

Indian refiners have begun paying for some oil imports from Russia in Chinese  yuan, persons with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments.

Saudi, Russia extend oil production cuts

Saudi Arabia will prolong its unilateral oil production cut by one month, keeping a lid on supply even as the market is expected to tighten. Its OPEC+ ally Russia also announced fresh curbs on exports.

Centre probes abrupt jump in imports of metallurgical coke

India has started a safeguard probe into sudden and sharp increase in the imports of metallurgical coke, used as fuel in steel and chemicals plants, following a complaint by domestic industries that the inbound shipments are impacting them.

Varanium Cap launches debut debt fund

Varanium Capital, an asset manager with investment across public markets, bonds and venture capital, has launched its maiden debt fund worth ₹250 crore ($30.5 million), Aparajit Bhandarkar, partner, said. The fund has a greenshoe option of about ₹50 crore.

More businesses to come under e-invoicing scheme from 1 Aug

More businesses will be brought under the e-invoicing scheme meant to track business-to-business sales from August and small businesses will be allowed to sell through e-commerce platforms without a Goods and Services Tax (GST) registration from October, said an official.

'India, EU can redo int'l economic order'

A successful trade relationship between India and the European Union holds the potential to significantly reshape the global economic order, but the two entities need to find common ground on various issues first, a report presented in the European Parliament said.

SCO leaders' meet starting today may see expansion push

The leaders’ summit of the Shanghai Cooperation Organization (SCO) takes places on Tuesday under the chairmanship of India, with a likely push for inducting Iran and possibly Belarus as new members.

Russia launches first drone strike on Kyiv in 12 days

After a relative lull, Russia launched a drone attack early on Sunday on Ukraine's capital, Kyiv, officials said. It was the first such attack of the war in 12 days.

CIA chief calls war in Ukraine 'corrosive' for Putin's regime

The invasion of Ukraine has had a \"corrosive effect\" on Russian society and President Vladimir Putin's regime, creating an \"opportunity\" for the US, said William Burns, director of the Central Intelligence Agency.

France sees fifth night of riots over police killing of teenager

Overall violence, however, appeared to lessen from previous nights following 'resolute action' by security forces