CATEGORIES

Top tech startups double FY22 revenues, record $5 bn losses

After the pandemic turbulence, robust venture capital funding fuelled growth in FY22

Markets may remain volatile in near term

Interest rate hikes by the US Federal Reserve, the Swiss National Bank and the Bank of England, amid the turmoil in the banking sector, kept equity markets under pressure last week, a trend analysts see persisting in the near term.

'Incentives for first movers to textile parks'

Factories that are the first to set up at textile mega-parks will get incentives of 3% of their revenue, textile secretary Rachna Shah said.

Accenture's Q2 fails to clear the fog for IT Inc

The Indian IT industry has been in a turbulent phase for quite some time now. Fears of an imminent recession have battered sentiments. Add to that the crisis in the US and European banks, which is fuelling worries of medium-term revenue visibility for technology companies.

GST reimbursement, assured supply likely for coal gasifiers

In 2020, Centre announced an ambitious plan to gasify 100 million tonnes of coal by 2030

OneWeb's satellite broadband launch in India by Jul-Aug

India should refrain from auctioning airwaves needed for satellite broadband services, Sunil Mittal, executive chairman of One Web Ltd, said, calling upon the Indian telecom regulator to create policies to facilitate spectrum allocation for satellite services.

Behind Adani deals, an 'elusive' elder brother

Gautam Adani is the public face of Adani Group, the sprawling Indian conglomerate that has been accused by an American short-seller firm of stock manipulation and accounting fraud.

RIL'S FMCG push may spur price war

Reliance Consumer Products Ltd’s aggressive efforts to expand distribution in a short time, a feat that typically takes years, as it enters the household goods market is expected to trigger a pricing war, according to industry experts.

Niva Bupa attracts investor interest

Temasek Holdings, Warburg Pincus and Canada Pension Plan Investment Board (CPPIB) are keen to participate in Niva Bupa Health Insurance Ltd’s upcoming $100 million fundraising, two people aware of the development said.

LIC plans record ₹2.4 tn investments next fiscal

Life Insurance Corp. of India (LIC), the country’s largest investor, plans to invest a record ₹2.4 trillion across markets, including shares of locally traded companies, in the year starting 1 April, according to two people directly familiar with the state-run insurer’s plans.

Women find a platform in coto

The two-month-old women-exclusive web3 social platform has crossed 100,000 subscribers already. On the platform, women are talking about financial independence, being empowered, and things like mental health, menstrual health and sexual health.

Akasa Air to hire 1,000 staff; 'three-digit' plane order soon

Next fiscal year, the carrier aims to add nine planes to its fleet, taking total size to 28

'Digitization is helping but has limits to what it can do'

Digitization is helping right now but there is a limit to what it could do

LIC may cap its debt exposure

Adani rout impact: LIC is planning to cap its debt and equity exposure in individual firms, group companies and companies that are backed by the same promoters.

India turns Mercedes' largest assembly mkt

German automaker not planning part-by-part production in the country

UK's Gatwick tempts Indian airlines with lower flier costs

It has also been in talks with Air India, which is starting a few flights, connecting Gatwick to Amritsar, Ahmedabad, Goa and Kochi from 26 March.

India to pitch for reforms in WTO during G20 meetings

Dispute settlement mechanism of the trade body needs to be streamlined

Starbucks' new CEO trained as barista to prepare for role

One of the first areas of focus for the former PepsiCo Inc. executive: the brand’s sprawling supply chain.

L&T eyes 30% share of electrolyzer mkt

Larsen and Toubro Ltd aims to capture 30% of India's electrolyzer ket once its technology partnership with McPhy Energy of France goes on stream, a top executive at the engineering conglomerate said.

Government weighs exempting overseas funds from complying with angel tax rules

The provision will come into effect from 1 April 2024 and remains unchanged in the Finance Bill for the year starting 1 April.

IT services sector plans to cut 5% of BFSI workforce

Top IT companies such as Tata Consultancy Services, Infosys, Wipro and HCL Tech are still facing high employee costs, despite a decline in overall headcount.

Finance Bill passed without discussion

The amendments to the Finance Bill include the imposition of short-term capital gains tax on the interest income from debt mutual funds and higher securities transaction tax (STT) on options and futures trade, among others.

Centre drops tax benefits for debt MFs in boon for banks

According to the finance bill, from 1 April, investors in debt mutual funds would no longer be able to avail of the long-term capital gains tax benefit despite remaining invested over three years.

Rahul Gandhi expelled as Lok Sabha member

Move comes day after Surat court held him guilty in defamation case

Auto Buyers May Feel Inflation Pinch

Top automakers announce price hikes starting next month

Schizophrenia treatment may finally be worth talking about

Karunas new therapy promises relief without nasty side effects

Worker incomes in India are still signalling tough circumstances

An income revival is essential for the key role it plays in driving consumption and reducing poverty

An evolving bug risked distorting our evolution

Global thinkers had warned us of a covid-led surge in submission to authority. In spite of an observed tendency, the post-pandemic record so far suggests we haven't changed much

FRAUD RISK MANAGEMENT: AN URGENT NEED TO BUILD THE RIGHT FRAMEWORKS

Insurance companies have historically faced, and dealt with, several types of insurance frauds ranging from mis-selling of insurance products to leakages in commissions paid and inflated billing. Today, in addition to such frauds, insurance companies are faced with newer and more innovative fraudulent practices stemming from the pervasiveness of digitization. One such key risk that demands immediate attention is cyber security risk.

Ajay Banga to meet PM Modi during this week's visit

The US nominee to lead the World Bank, former Mastercard CEO Ajay Banga, is to visit India on Thursday, capping a three-week global tour to drum up support and discuss development and climate needs with donor and borrowing countries.