CATEGORIES

India, Canada may ink mini-trade deal

India is looking for duty-free access for its textile products along with easier norms for professionals

'No milk price relief till Diwali'

The livestock sector contributes around ₹14 trillion to the Indian economy, and dairy comprises around ₹9.5 trillion of this, Rupinder Singh Sodhi said

Investors allege Muthoot mis-sold them Srei bonds

About 49 people, several of them retirees who have transacted with Muthoot for a decade, have come forward so far, some of them approaching local police

'Vodafone Idea is expected to unveil revival plan in a month'

The telecom department is preparing for the next spectrum auction in the second half of FY24, which may include the unsold spectrum from previous auctions and new bands, said K. Rajaraman

Majority Indian owners, EVS, IPO ahead for MG

The company is expecting a major investment from an Indian partner this year, Rajeev Chaba, CEO emeritus, MG Motor India, said at a round table to discuss the company’s plans

Baton passes at L&T as Naik makes way for Subrahmanyan

Subrahmanyan, known as SNS, rose through the ranks after joining L&T’s engineering construction and contracts (ECC) division in 1984 as an engineer

NCLT admits Go First bankruptcy petition

The airline plans to resume some of its flights from 24 May

Banks Knock RBI Door With Plan To Curb Online Frauds

A threshold for transactions in new accounts, a Central ‘negative registry’ of the accounts of known fraudsters and a standard operating procedure to stop the downstream flow of funds once a fraud is reported—these are some of the measures suggested by Indian banks to stop online frauds, which are on the rise, according to data from the Reserve Bank of India.

UBS rejigs top deck to steer CS buyout

UBS Group AG appointed Ulrich Koerner to its top management body, giving the chief executive officer of Credit Suisse Group AG a key role in overseeing the complex combination of the two firms.

Al extends pilot contract deadline

Air India has given more time to pilots to accept the revised compensation structure, which has been opposed by two pilot unions, according to a person aware of the matter.

Live streaming touches hearts: SC

The Supreme Court said live streaming of its proceedings has taken the court to the sit homes and hearts of common citizens and it is trying to use technology to ensure the livestreamed content is made available simultaneously in languages other than English so more people can follow.

DU to send notice to Rahul Gandhi

The Delhi University will issue a notice to Rahul Gandhi cautioning him against making any \"unauthorized\" visit to the campus in future, a senior official said on Tuesday, days after the Congress leader met students at a hostel.

OTT apps roll out ad-backed models to keep prices low

With video streaming platforms realizing that subscription alone may not be sufficient for sustained business growth, they are increasingly adopting ad-supported models to cater to the price-sensitive Indian audience, said experts.

Tata Motors weighs dividend after Dec quarter turnaround

Board to meet on 12 May to consider the first dividend from the company since 2016

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.