CATEGORIES

CarDekho net revenue jumped 54% in FY24

CarDekho Group, the auto-tech and fintech solution provider, recorded a net revenue of ₹2,074 crore in FY24, a 54 per cent growth year-over-year from ₹1,347 crores in FY23.

RIL subsidiary takes stake in Wavetech Helium for $12 mn

A US subsidiary of Reliance Industries (RIL) has picked up a 21 per cent stake in US-based Wavetech Helium, Inc. (WHI), marking the oil-to-telecom conglomerate's expansion in the helium segment which has a significantly lower carbon footprint.

Telcos call for prompt notification of guidelines to curb spam calls

Telecom operators have urged the Department of Consumer Affairs (DoCA) to promptly notify the draft guidelines aimed at preventing spam calls and messages.

Abu Dhabi fund, Lanka port body back Adani

Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged despite the US indictment of the conglomerate's founder chairman Gautam Adani.

Supply chain spoke in Audi India's 2024 growth wheel

Automaker struggles to meet customer expectations despite strong demand

Nazara Tech raises ₹855 cr via preferential issue to fuel expansion

India's only listed gaming company Nazara Technologies has raised ₹855 crore ($101 million) via a preferential issue, which saw participation from SBI Innovative Opportunities Fund, Junomoneta Finsol, and Think India Opportunities Master Fund LP, among others.

Leverage for primary steel cos may reach five-year high

High debt to impact financial metrics in FY25, says CRISIL

India will have more than two major airlines: A-I CEO

Tata group's airlines to add 100 planes to fleet by 2027, says Campbell Wilson

AI democratising discovery ecosystem: Meta

Artificial intelligence (AI) is making the discovery ecosystem on Meta platforms further democratised, according to Arun Srinivas, director and head (India), Ad Business, Meta.

PMJAY for 70+ group meets 3% of target in first month

In September, the Union government announced the fine print of the much-awaited Ayushman Bharat 2.0 scheme that aims to cover everyone over the age of 70 years irrespective of income level.

CCI orders probe into Google's Play Store policies

The Competition Commission of India (CCI) on Thursday ordered a detailed investigation into Google in connection to a complaint filed by Winzo Games for alleged unfair business practices with respect to listing of real money gaming apps on Play Store.

Centre charts course for broader ship ownership

Building on the Centre's Budget announcement this year to increase India's share in ship owning and shipbuilding, the Ministry of Ports, Shipping and Waterways is looking to overhaul the domestic maritime space by introducing four pieces of legislation.

Land never an issue for Godrej family biz split

After the family settlement signed in April this year, Godrej Enterprises Group (GEG) unveiled its brand logo on Thursday. In an interview to Jaden Mathew Paul, Sharleen D'Souza, and Dev Chatterjee in Mumbai, GEG Chairman and Managing Director JAMSHYD GODREJ and Executive Director NYRIKA HOLKAR talk about the company's future investment plans.

SBI's business may hit ₹100 tn in FY26: Setty

Sets three-year horizon for achieving net profit of ₹1 tn per annum

Architecture, the new doctor in the recovery room

From skylights to healing gardens, hospitals are embracing design elements that accelerate healing and enhance patient well-being

IIT-K's stealth tech to make jets invisible to enemy radar

High-technology cooperation between indigenous defence industry and academia has begun yielding results.

India to be wrapped in 175 years of Christy luxury

One of the world's oldest towel brands, famed for its royal heritage, is set to enter the Indian market in 2025

Insurance Amendment Act to boost growth, promote inclusion

It has been a quarter of a century since the insurance industry was liberalised. At the 'Business Standard BFSI Insight Summit, 2024', ALOK RUNGTA, managing director and chief executive officer (MD & CEO) of Future Generali India Life Insurance, SHARAD MATHUR, MD & CEO of Universal Sompo General Insurance, SUMIT BOHRA, president of IBAI and CEO of GlobeSecure Insurance Brokers, and MAYANK BATHWAL, CEO of Aditya Birla Health Insurance, discussed what is next for the industry. Edited excerpts:

Insurance in India has made significant strides

Managing directors and chief executive officers (MDs and CEOs) of general insurance companies gathered at the Business Standard BFSI Insight Summit, 2024, to discuss 'many challenges' they face. ANUJ TYAGI, MD & CEO of HDFC Ergo General Insurance Company, ANUP RAU, MD & CEO of Future Generali India Insurance, ANIMESH DAS, MD & CEO of ACKO General Insurance, gave their views on the road ahead for the industry. Edited excerpts:

Regulator nudging us to up our game on cybersecurity

A case for increasing coverage? The leaders of life insurance companies discussed this topic at the Business Standard BFSI Insight Summit, 2024, with Business Standard's consulting editor Tamal Bandyopadhyay. Panellists included VIBHA PADALKAR, managing director and chief executive officer (MD & CEO) of HDFC Life Insurance, ANUP BAGCHI, MD & CEO of ICICI Prudential Life Insurance, and MAHESH BALASUBRAMANIAN, MD of Kotak Life Insurance. Edited excerpts:

'Bima Sugam is a game-changer'

Just as the Unified Payments Interface (UPI) has transformed the payment and banking sectors, the insurance regulatory and development authority of India (Irdai) is hoping that its ambitious project Bima Sugam—an online marketplace to buy service, and sell insurance products—will transform the insurance sector and help increase penetration.

Field widened for life insurance in the country

Revised surrender value norms to help life insurers and customers

More is better in Indian insurance

100% FDI will encourage companies to come to India and operate on their own terms in the sector, say experts

India's Welfare State: Too much, too soon, with too little?

The promise of too much, too soon, with too little is tempting for politicians for mobilising votes, particularly of the poor.

ORGANISING THE UNORGANISED

The Centre is working on integrating all welfare schemes, including those of state govts, into the e-Shram portal for the benefit of unorganised sector workers

Buy, hold, or sell? Let fundamentals guide decisions

Over two-thirds of mid and smallcap stocks on the National Stock Exchange (NSE) have entered bear market territory, slipping 20 per cent or more from their 52-week high, according to a recent analysis in Business Standard.

Goldman Sachs sees 19% upside in gold by Dec '25

Pegs Brent crude prices at $70-85 a barrel amid tepid demand

Order book, margin gain expectations to drive growth for Siemens

The stock of Siemens was up 2.5 per cent in trade on a healthy performance in the September quarter, strong order inflows and a promising outlook.

Sensex up 230 pts amid foreign fund inflows

Benchmark BSE Sensex climbed 230 points in a volatile session on Wednesday following gains in Adani group stocks and foreign fund inflows.

NTPC Green jumps 14% on debut

Shares of NTPC Green Energy, the renewable energy arm of power producer NTPC, jumped as much as 14 per cent in their trading debut on Wednesday, as investors bet on the country's growing clean energy needs.