CATEGORIES

BrahMos working on $200 mn missile deal with Indonesia

India-based defence company BrahMos Aerospace expects to close a deal this year to sell Indonesia supersonic cruise missiles worth at least $200 million, as it looks to expand its presence in Southeast Asia, its chief executive said on Wednesday.

'HSBC's clients don't want to miss the India opportunity'

HSBC Holdings Plc is witnessing rising interest from its global clients to come to India. Barry O’Byrne, chief executive of HSBC’s global commercial banking, said in an interview that a number of international customers are now actively talking about their India strategy, and eyeing opportunities in a market of 1.4 billion. Edited excerpts:

Ecom firms set up chill zones for delivery execs

The heat solutions include rest centres, ORS and cool fabric for uniforms

Foxconn to invest away from China, focus on EV expansion

The company is also looking to avoid any fallout of trade tensions between the US and China

SVB crisis may drive SoftBank shares below Son's pain point

The sudden collapse of Silicon Valley Bank looks set to increase scrutiny of SoftBank Group Corp. investments, and possibly drive its share price to Masayoshi Son's pain point.

LTIMindtree's plans fail to excite

At its first Investor Day meet after the merger, information technology (IT) services provider LTIMindree Ltd (LTIM) on Tuesday outlined growth strategies under the LTIM One plan. The management said it endeavours to consistently deliver industry-leading profitable growth.

Govt unlikely to roll back tax plan on high-value life insurance

The government is unlikely to make changes to its budget proposal of taxing the total returns on high-value life insurance policies, two government officials said on Wednesday, amid demands by insurance companies to reconsider the move.

Shipping, insurance costs cloud India's Russia oil purchase price

Enroute to New Delhi this month, US officials proclaimed themselves satisfied that India is buying Russian oil below G-7 price caps designed to undercut Moscow's war in Ukraine without disrupting global energy flows.

India, AUKUS explore tech cooperation possibilities

While Indian authorities have indicated initial interest, no formal dialogues have taken place

Oil falls 5% to lowest in over a year

Oil prices plunged 5% to their lowest in more than a year as unease over Credit Suisse spooked world markets and offset hopes of a Chinese oil demand recovery.

Disney's $10 mn reason to end HBO deal

Disney Star, the Indian unit of the Walt Disney Co., has decided against extending its longstanding content deal with Warner Bros. Discovery, resulting in the removal of 144 HBO Originals, including popular series like Game of Thrones, House of the Dragons, The Last of Us, and Succession, from Disney+Hotstar on 31 March.

Foreign law firms get a foot in door

The Bar Council of India on Wednesday allowed foreign lawyers and law firms to practise foreign law in India, offering a limited opening to a sector that has remained shut to foreign entities so far.

Low-cost homes hit by rate hike spree

Fewer customers are taking out loans to buy so-called affordable homes after several back-to-back interest rate hikes, with demand slackening sharply in the last few months, according to senior bankers and data analyzed by State Bank of India’s research wing.

Credit Suisse plunges as bank storm spreads

Swiss lender's troubles come days after two major bank failures in the US

Sensex Slips 0.58% To Close Below 58,000

Asripple effects from the US banking crisis and fears of financial contagion continued to pressure the markets, the BSE Sensex lost 0.58%, failing to hold the 58,000 mark.

How To Avoid Investing In Great Businesses At Untimely Valuations

The path to minimal investing errors can be found by assessing analytical and behavioural aspects of investing.

Indian women seek to dominate the world of boxing

The Women's Boxing Championships begin in New Delhi today and Indian boxers are ready to show who's boss

Will Karim Benzema deliver for Real Madrid?

Benzema's form is a concern for Real's quest for another European Cup

Women's golf is taking centre stage in India

Golfers Aditi Ashok and Avani Prashanth are having an incredible 2023. And others are waiting in the wings to make their mark

Lineker scored a hat-trick over the BBC's withdrawn red card

He exposed BBC flaws, Tory policy cynicism and a Labour cop-out

Gati Shakti is the third pillar of our Amrit Kaal growth strategy

India's policy push for self-reliant manufacturing and green growth can deliver big benefits once logistical efficiency goes up

Mitigate moral hazards: Be it finance or politics

New risks have surfaced globally within a span of days, thanks to an enlarged US backstop for bond-wracked banks and a pointed Aukus role in the Indo-Pacific. India isn't much safer

Home loan tenures jump to over 50 years on rate hikes

Those who opted for floating interest rates now face inflated EMIs or longer loan tenures

A BANK RUN AND 100 HOURS OF CHAOS

How did an Indian startup deal with the closure of Silicon Valley Bank, the confusion and anxiety? Here’s the story

Biden announces nuclear-powered submarines for Aus

President Joe Biden and the leaders of Australia on Monday announced that Australia will purchase nuclear-powered attack submarines from the US to modernize its fleet amid growing concern about China's influence in the Indo-Pacific.

US CPI still elevated as Fed comes under stress

The consumer price index rose 6% from a year ago, below January's figure

Amazon's satellite net in 2024

Amazon.com Inc. plans to launch its first Project Kuiper production satellites in 2024 and start beta testing its ambitious internet-from-space service with customers the same year.

Cos with no woman director under lens

Companies defaulting on the regulatory requirement to have at least one woman on their boards are attracting the attention of authorities, two persons aware about the development said.

Govt plans more InvITs to monetize infra assets

Retail investors to get special preference with larger quota in the new InvITs

New app rules to hit phone makers' revenues in India

The proposed new security rules mandate screening of major operating system updates