CATEGORIES

Indian smartphone mkt 2nd largest by volume

India's smartphone market emerged as the second largest globally by unit volume and the third largest by value in the third quarter (Q3) of calendar year (CY) 2024, according to estimates by Counterpoint Research.

JB Pharma CEO: New launches likely to fuel domestic growth

Mumbai-based pharmaceutical company JB Pharma is targeting a 12-14 per cent revenue growth and 26-28 per cent Ebitda (earnings before interest, taxes, depreciation and amortisation) margin in the short to medium term, with new launches expected to fuel growth in the domestic market.

PHILANTHROPY IN MOTION

THE POWER OF GIVING YOUNG & GENEROUS: NIKHIL KAMATH DEBUTANTS:

At current steel prices, margins don't justify investments

A bunch of factors were at play in the second quarter of FY25 for Tata Steel – restructuring in the UK, Kalinganagar expansion, and weak market conditions. In a telephonic interview, TV NARENDRAN, managing director and chief executive officer (MD & CEO), Tata Steel, tells Ishita Ayan Dutt that in many ways, Q2 was the worst, and that Q3 also comes with challenges. Edited excerpts:

Rural demand lifts FMCG growth to 5.7% in Jul-Sep

Rural volume growth outpaces urban mkts for 3rd straight qtr: NielsenIQ report

Jet flies into sunset as SC orders liquidation

Kalrock's bid funds forfeited; lenders permitted to encash bank guarantee

SC restores DRI's key powers

Setback for Vedanta, Vi, Adani Enterprises, Canon, and 104 others

'NBFC action not punitive, but corrective'

Reserve Bank of India RBI) Governor SHAKTIKANTA DAS refused to drop his guard on inflation, citing major upside risks while remaining sanguine on growth. In an interaction with Tamal Bandyopadhyay during the Business Standard BFSI Insight Summit, he said the Indian financial sector was resilient enough to deal with any spillover from the external world ona day markets turned volatile following the US election results. Edited excerpts:

'SAP to step up hiring in India: CEO

30% of the company's deals now include artificial intelligence

Tata Steel back in black with ₹833 cr Q2 profit

Conditions in China continue to weigh on steel prices, says CEO & MD Narendran

MVA lists five poll guarantees, promises ₹3K/mth to women

The Maha Vikas Aghadi (MVA) Opposition alliance in Maharashtra unveiled \"five guarantees\" for the upcoming Assembly polls on Wednesday, which include a monthly allowance of ₹3,000 and free travel in state transport buses for women.

Indian markets celebrate the 'Red' win

Register biggest one-day gains in six weeks on Trump's victory

COSTS VARY: DO COST-BENEFIT ANALYSIS BEFORE BUYING RIDER

Tata AIG General Insurance recently introduced five new riders that can be purchased with its health insurance policies and provide more than 60 benefits to customers.

Wall Street indices hit new highs

Wall Street's main indices soared to record highs on Wednesday, as Republican Donald Trump won the 2024 US presidential election in a remarkable comeback four years after he was voted out of the White House.

Dollar set for biggest one-day jump since '20

The US dollar soared on Wednesday and was set for its biggest one-day rise since March 2020 after Republican Donald Trump won the US presidential election, while the euro, Chinese yuan and Mexican peso were among the biggest losers on potential new tariffs in the regions.

Hindustan Zinc OFS garners bids worth ₹3,385 cr

Hindustan Zinc's (HZL's) share sale on Wednesday garnered bids for 67 million shares - worth ₹3,385 crore - as against 105.6 million on offer.

Bitcoin surges to all-time high

The price of bitcoin hit a new high Wednesday as investors bet that former President Donald Trump's victory in the US presidential election will be a boon for cryptocurrencies.

Swiggy IPO subscribed 12% on first day of offer

The initial public offering (IPO) of food delivery major Swiggy was subscribed 12 per cent on Wednesday, the opening day of the issue.

High-growth segments, Tier-II, -III cities to drive long-term gains for ABB

ABB reported a weak quarter. Revenue was at ₹2,910 crore, up only 5 per cent year-on-year (Y-o-Y), with operating profit at ₹540 crore, up 23 per cent and net profit at ₹440 crore.

Nvidia overtakes Apple as world's most valuable firm

Nvidia Corp became the largest company in the world on Tuesday, surpassing Apple Inc and underscoring just how dominant artificial intelligence has become on Wall Street.

Lulu generates demand for $37 billion, becomes largest IPO in UAE this year

Lulu Retail said on Wednesday that its initial public offering (IPO) was 25 times oversubscribed across all tranches, excluding cornerstone investors, generating a demand of more than $37 billion, making it the largest IPO in the UAE for 2024 till date.

New rules to crack down on polluters

In response to the Supreme Court's (SC's) strong stance on unchecked environmental violations, the Ministry of Environment, Forest, and Climate Change (MoEFCC) has introduced new rules for conducting inquiries and imposing penalties on polluters.

THE 'APPLE' OF INDIAN BUYERS' EYE

While Android continues to be the more popular smartphone platform in the country, iPhone has gained a stronger foothold in premium segment

Narrative and reality in J&K

For a long time, Jammu & Kashmir has been caught between a tug of war of narratives, which has severely affected the well-being of those who live there.

Trump 2.0

Stunning victory raises the stakes for stability and peace

Necessary rebalancing

Supreme Court gives a boost to private property rights

Can India avoid the middle-income trap?

Five key course corrections for India to become an advanced country and set a better path for others

A human paradigm for economic growth

The global economy has been shaken by the breakdown of global governance.

TRUMP TRIUMPHS

Donald Trump was elected US president, capping a remarkable comeback four years after he was voted out of the White House and ushering in a new American leadership likely to test democratic institutions at home and relations abroad.

Victory casts a shadow on US Federal Reserve's policy path

Donald Trump's victory in Tuesday's presidential contest threatens to upend the US economic outlook and alter the Federal Reserve's policy calculus in the months ahead, while renewing questions about how fiercely he might pressure the central bank during his second term in the White House.