CATEGORIES

After delivering in Q1, Zomato just needs to sustain the good run

Zomato had earlier guided that it would turn net profit by Q4FY24. While it is true that Zomato has seen improvement across key operating and financial parameters, a tax adjustment helped it report a net profit of ₹2 crore in Q1.

Is weak NIM merely a blip for SBI?

Amid higher cost of funds, as deposits got repriced, SBI’s NIM fell by 27 basis points (bps) sequentially to 3.3%. This was a negative surprise as the margin was expected to improve a bit due to the lagged repricing of MCLR linked loans.

Musk says X to live-stream fight with Zuckerberg Poutors

Elon Musk said in a social media post that his proposed cage fight with Meta chief executive Mark Zuckerberg would be live-streamed on social media platform X, formerly known as Twitter.

Digital registry on organ transplants to streamline donations on cards

The Organ Donation Registry is being developed by the National Health Authority (NHA) and the union health ministry following consultation with the NITI Aayog for an overhaul of the National Organ Tissue Transplantation Organization

'UPI is world's digital public code; will aid others build their versions'

In an interview, Ritesh Shukla, chief executive officer of NPCI International, says UPI is currently live in countries like Nepal, Bhutan, Singapore and UAE, and will be doubling in the next 12 to 18 months.

Most still choose old tax regime, new one making inroads

In the just-concluded season for personal income tax return filing, 85% of individuals have opted for the old regime, and the rest for the new regime

FBI questioned L&T CEO in Cognizant bribery case

S.N. Subrahmanyan, who became L&T's CEO in July 2017, was “formally interviewed” in Singapore on 21 May 2018, by officials from the US Attorney’s Office and FBI

Eight years later, gold bonds deliver market-like returns

Against an issue price of ₹2,684 per gramme on 30 November 2015, the closing price of 24-carat gold was ₹5,929 per gm on Friday, translating into a CAGR of 12%, including the interest component on the bond’s nominal value, adjusted for tax at the highest income slab of 30%

Sustained luxury demand sparks global interest

Richemont-owned watchmaker Panerai, for instance, has initiated an exclusive preview of its latest luxury watches in India this month to gauge buyer interest in the newest additions to its ‘Radiomir’ and ‘Luminor Due’ collections, some of which are priced as high as ₹50 lakh per piece

PE, VC funds slash their fees, aim for higher carry

The emergence of multi-fund platforms led several PE and VC firms to move away from the traditional ‘2-20 model’, or 2% management fee and 20% carry, where the fund retains a part of the investment profit upon realization

Smartphone mkt to shrink again this yr

Smartphone shipments that crossed 100 million for the first time in 2015 peaked at 160 million in 2021 before shrinking 10% to 144 million in 2022

RBI rate, stance to stay on pause: Poll

Inflation has quickened since June, particularly in vegetables

Smartphone demand drops for 4th qtr

Domestic demand for smartphones continued to be tepid at best, as India saw a fourth straight quarter of annualized shipment declines.

Air cargo in flux after covid, war: Blue Dart

However, company optimistic of resurgence in volumes, says MD Manuel

HC dismisses pleas by startups against Google billing policy

The Madras High Court on Thursday dismissed 14 of 16 petitions against Alphabet Inc.’s Google for its in-app payment billing policy on the Play Store mobile app marketplace.

Won't raise stake in RBL Bank without strategic value: M&M

M&M nearly doubled its standalone net profit to ₹2,774 crore in the 3 months ended June

Amazon's Jassy slashes spending, boosts sales

After layoffs and project cuts, revenue rises 11% to $134 bn, topping estimates

Remove wheat import duty till Feb for food security: FCI

Wheat exports were banned after last year; non-basmati white rice exports prohibited in July

The silent strength of KR Meera's women

K.R. Meera's 'Assassin' is an epic tale that raises uncomfortable questions about identity, caste and gender

A NEW NARRATIVE FOR HANDLOOM REVIVAL

Handloom revivalists and curators are finding fresh, interdisciplinary ways to tell the rich stories of textiles of India

India Couture Week 2023 SAME BUT DIFFERENT

The 16th edition of the event didn't offer many surprises. But it did show the industry's growing desire to address changing needs

A TASTE OF SLOW TRAVEL

Zac O'Yeah talks of a time when travel writing was a means of discovery and why he thinks railway food is underappreciated

How buddies & bodies keep the score

A week ago, someone told me, \"You don't look your age.\" This is the kind of sentence that can split your self into 73 Michelle Yeohs, everything, everywhere all at once.

The rosé blockbusters

It is a feat to take ownership of a colour. Prince owned purple, but then he was Prince. Giving the legend that colour, in exchange for us mortals to bask in his divine alien splendour, was an easy trade.

Why I return to Twitter

Despite its ongoing madness, there is nothing to replace Twitter. Or X, as we are now supposed to call it

Savour your free time

People find it hard to stay still. The pressure to multitask and optimise every second doesn't allow for leisure

NEW ON SCREENS

A hair-obsessed British murder mystery, a war film set in Ukraine, and other titles to watch

Activist investor Carl Icahn bows to Hindenburg pressure

Carl Icahn made a multibillion-dollar fortune as an activist investor, bullying companies into changing their businesses. Another activist has now forced him to do the same.

FPIs sell Friday's bounce, stocks to remain volatile

Stocks rebounded on Friday, snapping three straight days of losses, ending the session in the green. However, the markets ended lower for the second consecutive week.

SBI posts record profit on lower provisions, strong other income

State Bank of India (SBI) on Friday reported a record profit of ₹16,884 crore for the three months through June, more than double of last year, led by a surge in other income and lower provisions to cover bad loans.