CATEGORIES

Sanjiv Kapoor exits Jet, in new setback for its revival plans

The Jalan-Kalrock Consortium, which had hired Kapoor in April 2022, said Kapoor would leave the company at the end of his notice period on 1 May

Impasse persists as ESMA D-day looms

Indian clearing houses face derecognition, affecting EU banks

Savour foreign flavours in Goa

The state's food is no longer synonymous with fish thalis as many restaurants serve cuisine from around the world

ChatGPT's secret weapon may be its ability to feign empathy

It’s better on artificial emotional intelligence than factual accuracy

is the binding constraint to fight climate change Finance in efforts

A huge gap in the capital needed must be plugged and developing nations need mechanisms to attract private funds as well

The Maoist rebellion is confused about its aims

Another Maoist attack draws attention to a long-running insurgency trying to overthrow an allegedly unfair economic order. The rebellion is garbled but perhaps also easier to quell

ZERO WAITING PERIOD: WHY ARE INSURERS DENYING CUSTOMERS THIS BENEFIT?

Zero-waiting period enables customers to get full coverage the moment they buy a plan

Can insurance benefits provided by your ex-employer be retained?

Insurance policy can be ported as per norms issued by Irdai. Customers can switch from group policies to individual policies or from individual-to-individual policies.

VIX at a historic low: Is it an investment opportunity?

Long-term investors are better off investing their money in the stock market through SIPs

HOW EUROPE FIGURES IN THE US-CHINA CHIP WAR

Netherlands-based ASML Holding NV has become a target of industrial espionage for China

Advertisers stick to havens like Meta amid uncertainty

Advertisers are sticking with safe havens Alphabet and Meta Platforms in an uncertain economy, their quarterly results showed, likely helping the tech giants take market share away from smaller digital ad sellers such as Snap Inc.

US economy's growth in Q1 portends a slump

Economic growth in the US slowed to 1.1%, while inflation accelerated

Adani group to raise $800 mn for financing green energy projects

Adani group is aiming to raise about $800 million for new green energy projects, people familiar with the matter said, in what could be the conglomerate's biggest borrowing since it was slammed by a short seller in January.

Legal hurdles likely for anti-trust fines' tweak

Amended law says entity’s global turnover’ will be used to compute penalty

Tech Mahindra's net profit falls 27% y-o-y; BFSI business slips

Its rupee revenue rose around 13.2% y-o-y to ₹13,718.2 crore during the quarter under review, even as deal momentum slipped 44% compared to Q4FY22.

Maruti sees chip hurdle persisting in Q1

The carmaker emphasized that it expects to see no growth in small car segment in FY24 compared to last year, pointing to a stagnation of demand

Clash of small EVs looms as MG Comet takes battle to Tiago camp

Comet EV is also the only mass-market two-door electric hatch in the market at present, and is also India’s smallest passenger vehicle.

Govt rethinks plan to sell stake in PTC India

Power ministry had given nod for the 4 PSUs to sell their stake in PTC India

GCPL buys Raymond unit

Godrej Consumer Products Ltd (GCPL) on Thursday announced the ₹2,825 crore acquisition of the fast moving consumer goods business of Raymond Consumer Care Ltd (RCCL).

Consulting Inc. clamps down on lavish lunches, luxe hotels

Early travel and hotel planning, end of counter-offers as corporate clients cut back

'Expect gross margin to grow despite IT spending caution'

In an interview, Sudhir Singh, Coforge chief executive, spoke about why revenue growth projection is significantly lower for FY24, what the company is doing to expand gross margins, hiring plans, and why he feels that generative AI is still an uncertain hype cycle.

LTIMindtree profit shows sluggish growth

The company—formed after the recent merger of L&T Infotech and Mindtree—however, reported a 20% growth in its banking, financial services and insurance (BFSI) vertical.

Bajaj Finance's re-rating tied to meeting FY24 growth guidance

Bajaj Finance is hopeful of sustaining its loan growth momentum going forward, even as it notes rising competition from banks and NBFCs.

HUL needs countryside to step up

The company’s volume growth stood at 4% versus analysts’ expectations of 5-6%. Revenue and margin performance too wasn’t particularly striking.

Wipro rolls out ₹12kcr buyback, sees dull Q1

Biggest buyback by the IT major; it expects 1-3% drop in QI] sequential revenue

"This is a historic moment for relations between India, Latin America

On the ISA, the ratification process on Tuesday passed the third discussion in (Panama’s) Congress and we will soon be ratifying this agreement.

'Pushing states on piped drinking water'

As we are dealing with some 600,000 villages in the country, we are pushing states to ensure that gram panchayats must meet, consider and certify once the village is fully covered.

Viacom18 secures HBO deal in India for 1,000cr

The deal also includes rights for Viacom18’s regular television channels, and some of the content is likely to be aired on its English entertainment channels.

Niche batteries for electric future may get ₹3k cr sops

Heavy industry ministry, NITI Aayog plan to incentivize manufacturing, research via PLI

Russia oil discount to India shrinks as China sucks supply

India secured discounts of as much as $20 a barrel, which has fallen below $10 and has touched even $5