CATEGORIES

Coal India faces stress as global prices decline

Lower international coal prices could impact e-auction rates in India

Accor group targets 30 more hotels in India over 5 years

French hospitality group Accor SA, which runs the Ibis, Novotel, and Sofitel hotels, plans to expand both its managed and franchised hotel business in India by adding 30 new properties over the next five years.

Engine, repair issues ground major chunk of airline fleets

Go First grounding worsens plane shortage, especially over the past week, reveals data

APSEZ offer to buy back bonds a big hit

Adani Group’s ports and logistics arm Adani Ports and Special Economic Zone Ltd, on Tuesday, said its recent offer to repurchase $130 million worth of the company’s bonds received tender offer worth $412.7 million from bondholders.

Pharmeasy charts turnaround with positive cash flow in Apr

Pharmacy retailer Pharmeasy is scripting a turnaround and has become operationally cash flow positive in April, in a sign that the company’s efforts at cutting expenses are beginning to bear some fruit, two people familiar with the development said.

Mankind's impressive listing may revive retail interest in IPOs

With Mankind Pharma’s stellar Dalal Street listing, retail interest in Initial Public Offerings (IPO) could be revived after a series of poor listings late last year and early this year, when markets turned volatile due to interest rate hikes in the US and in emerging markets (EMs) like India.

After a rough March quarter, UPL rides into challenging times

UPL Ltd’s margin performance for the quarter ending March (Q4FY23) was a drag on overall earnings. Consolidated Ebitda margin fell by nearly 490 basis points year-on-year (y-o-y) to 16.4%, coming in much lower than expectations. A couple of factors are responsible for the margin pressure.

Pidilite is gaining grip on margin

Adhesives maker Pidilite Industries Ltd’s gross margin is in revival mode, thanks to softening price of a key input, chemical vinyl acetate monomer (VAM). Consolidated gross margin in the three months ended March (Q4FY23) reached 46.8%, the highest in the past seven quarters.

Apollo Global Ql earnings fall

Apollo Global Management Inc. said on Tuesday its first-quarter adjusted net income fell 8% year-on-year, missing estimates, as a jump in management fees and investment income could not offset the impact of a drop in asset sales.

Startup funding at 9-year low in April as outlook stays grim

Startups have been facing a prolonged funding winter amid recessionary conditions globally

India seeks exemptions for MSMEs from EU carbon tax

India is pressing the European Union for a mutual recognition agreement for its carbon certificates and exempt MSMEs in certain sectors to insulate the domestic industry from the burden of the EU's carbon tax, which would kick in from October, a government official said.

Veggie prices cheer buyers, not farmers

India’s food inflation in recent months has been cooled by a sharp fall in vegetable prices, driven by a paradox: better access to technology and improved seeds have led to production gluts, but that is hurting horticulture farmers’ incomes.

BSNL set to issue purchase order for 4G equipment

State-run telecom services provider BSNL is preparing to issue a ₹24,500 crore purchase order for equipment for 100,000 4G sites after an empowered group of ministers approved the carrier’s request to set up a 4G network.

Global brands chase new faces in India

International consumer brands are tapping into a new crop of Indian celebrities to target the country’s young and burgeoning consumer market.

mRNA booster: Panel seeks data

Gennova Biopharmaceuticals Ltd, the first Indian company to develop an mRNA vaccine for covid-19, must submit safety data of phase-3 trials across 90 days, experts at a top drug safety panel decided after the company applied to use it as a booster dose in heterologous mode.

Adani firms lose UN green endorsement

Three Adani group companies, including Adani Green Energy Ltd, have lost their endorsement from the world’s leading arbiter of corporate green goals, a blow to the industrial conglomerate’s attempt to reposition itself as a leader of India’s energy transition.

HK's Gaw Capital in advanced talks to buy Atria stake

Hong Kong’s Gaw Capital Partners is in talks with Atria Power Corp. Pvt. Ltd to acquire a majority stake in the Bengaluru-based firm for an estimated equity value of $250 million, two people familiar with the development said.

Overseas realty buys under RBI scrutiny

Central bank may issue FAQs on ODI rules, clarifying its stance

King Charles Iii's Coronation Should Have Been The Very Last

The UK would do itself a big favour by phasing out its monarchy

The silent, long-term impact of the pandemic on kids JETOCKPHOTO

We are still trying to understand how two years of isolation during crucial years of their lives have affected children

Unravelling the complexities of India's 2011-12 GDP series is key

Gross domestic product estimation is complex and its details need to be understood in depth for effective policy and research

UPL March profit declines 42.6%

Hit by delays in planting season, UPL Ltd, the country's largest agricultural products and solutions provider, on Monday, reported a 42.6% decline in its March quarter consolidated net profit at ₹792 crore as against ₹1,379 crore in the same period of FY2022.

MiG-21 crash kills 3 in Rajasthan village

A MiG 21 fighter aircraft of the Indian Air Force (IAF) crashed on a house in Hanumangarh district of Rajasthan on Monday, leaving three women dead and as many others injured on the ground, police said.

Farmers join wrestlers' protest

Several farmers broke through police barricades on Monday to join the wrestlers' protest against Wrestling Federation of India chief Brij Bhushan Sharan Singh even as Delhi Police denied any untoward incident at the site.

ONDC needs to enliven e-com and widen gains

It has begun stirring up India's food delivery market but must impact e-commerce overall to mitigate power concentration in this field and help spread the gains of an online boom wider

Zero-fee food delivery app WAAYU debuts in Mumbai

Food delivery app WAAYU developed by tech entrepreneurs Anirudha Kotgire and Mandar Lande of Destek HORECA, launched its services in Mumbai on Monday.

Eruditus aims to break even by June: Damera

The edtech startup is targeting an Ebitda margin of 8-10% in FY24

India Inc lays red carpet for staff after career gap

Indian companies are increasingly looking to hire employees who are returning to work after a time off due to various reasons such as maternity leave, sabbaticals, caregiving, and health issues.

Airline asked to give refunds; agents may tap NCLT for dues

As the civil aviation regulator asks Go FIRST airline to provide refunds to passengers impacted by suspension of the airline’s flights, some travel agents’ associations and service providers are contemplating applying to the National Company Law Tribunal (NCLT) to seek pending dues, three people aware of the development said.

Go First faces DGCA permit action

The Directorate General of Civil Aviation (DGCA) has issued a show cause notice to Go First, asking the low-fare airline to explain the reasons behind its inability to run operations within 15 days.