CATEGORIES

'Europe must follow own Taiwan policy'

French President Emmanuel Macron said in comments published on Sunday that Europe had no interest in an acceleration of the crisis over Taiwan and should pursue a strategy independent of both Washington and Beijing.

China simulates Taiwan siege on second day of military drills

China's military simulated precision strikes against. Taiwan in a second day of drills around the island on Sunday, with the island's defence ministry reporting multiple air force sorties and that it was monitoring China's missile forces.

THE COLD REALITY ABOUT INDIA'S MIDDLE CLASS

Consumer firms may have to rein in expectations because the middle class has not grown on the scale it promised

Struggling VC funds to cut bonuses, salary hikes

Venture capital funds are resorting to hefty cuts in bonuses and may offer annual salary hikes of no more than 8-10%, a significant drop from the 25% seen at the height of the investment boom that ended a decade of easy money, amid challenging times for startup investments.

Inflated valuations put edtech sector at risk: Screwvala

The noise around 'one or two'edtech firms could pose significant issues for the entire sector, and unless inflated valuations correct, sanity will not prevail in the industry, warned Ronnie Screwvala, co-founder of the learning platform. UpGrad and a serial entrepreneur.

L&T, Afcons, JSW vie for Nicobar project

The project has faced opposition from environmentalists

Centre fixes gas price at $7.92/mmBtu

The Centre announced on Friday that natural gas prices will be fixed at $7.92 per metric million British thermal unit (mmBtu) for the 8-30 April period.

India woos Bhutanese students, youth

New Delhi has launched a slew of measures to promote India as an attractive destination for Bhutanese students, following a steady decline over the past decade, and Australia emerging as a key alternative, said people in the know.

Disparity over rate hike transmission by public banks hit retail loan customers

Though the Reserve Bank of India (RBI) has hiked repo rates by 250 basis points (bps) since May 2022, there are disparities over the transmission of the rates by banks for different customer segments, RBI data showed.

Adani opens power plant for supply to Bangladesh

Adani Power Ltd opened a new power plant in Jharkhand that will supply electricity to Bangladesh.

Shipping ministry to exceed 4-yr asset monetization aim

Goal is to raise ₹6,760 cr this fiscal year through the development of berths and terminals

Unseasonal rains to impact wheat output this season

India's wheat production is estimated to fall to 102.8 million tonne (mt) this season as unseasonal rains and hailstorms in March led to widespread crop losses, according to Agriwatch. This marks a downward revision from the 104.2 mt forecast made by the agricultural research agency on 9 March.

Govt on alert after big jump in covid-19 cases

India reported single day jump of 6,050 covid-19 cases after six months

Bosses want hard workers-so they're hiring older people

Kip Conforti is hiring for a part-time position at one of two package shipping stations that he owns in Pennsylvania. He's filled such roles with high school and college students during two decades in business, but this time his top candidate is a man in his 70s.

Pandemic spurs Indian firms to boost CSR spending, compliance

The number of companies defaulting on their corporate social responsibility (CSR) spending commitments plummeted in FY21, even as an increasing number of companies went beyond their legal obligations to contribute to their communities, corporate affairs ministry data showed.

'Nifty could hit 18,000 level as FPIs turn upbeat'

The pullback rally seen over the past Il sessions could extend the Nifty level to 18,000 as foreign portfolio investors (FPIs) cover bearish derivative bets while simultaneously turning net buyers in the cash segment in March and so far this month, two analysts said, while a third expects FPIs to retain their bearish bets and the market to consolidate with a negative bias.

Economists expect prolonged rate pause

AIthough the Reserve Bank of India (RBI) signalled it won't hesitate to hike rates again despite hitting the pause button in April, several economists now expect the central bank will keep its repo rate on hold for an extended period.

Maruti eyes 25% of India SUV market

Maruti Suzuki India Ltd is aiming to capture a 25% share of the rapidly expanding sport utility vehicle (SUV) market, more than doubling its share by the end of the current fiscal year, a top executive said.

Temasek unit takes control of Manipal

Singapore's Sheares buys controlling stake for ₹16,400 crore

Musk sees $14 tn cost to stick with fossil fuels

Converting the world to entirely clean energy needs a huge $10 trillion worth of investment, but continuing to rely on fossil fuels would cost even more, according to Elon Musk.

JLR sales grow 24% as chip supplies improve

Jaguar Land Rover, the luxury vehicle unit of Tata Motors Ltd, reported a surge in sales for the March quarter on the back of a “gradual improvement in chip and other supply constraints\".

RBI's surprise move boosts markets amid global woes

Indian stocks and bonds got a boost on Thursday as the Reserve Bank of India (RBI) unexpectedly chose to keep policy rates unchanged at 6.5%, with benchmark indices Sensex and Nifty closing higher for the fifth consecutive session despite mixed global markets.

Adani Wilmar revenue rises 14% to 55,000 cr in FY23

Fast-moving consumer goods firm Adani Wilmar a joint venture between Adani Enterprises and Wilmar International, posted revenues of ₹55,000 crore in FY23, up 14% from ₹54,213.5 crore in 2021-22.

Short getaways a hit for Easter weekend

Travel and hotel companies are seeing a spurt in demand for short-haul tourist destinations during the long Good Friday weekend.

'Didn't get any good plan for NPCI rival'

The Reserve Bank of India on Thursday said it didn’t receive any innovative proposal from the industry on creating a rival entity to retail payments umbrella entity National Payments Corporation of India (NPCI), effectively putting it on the backburner three years after issuing the guidelines.

Web portal on unclaimed funds, rules for credit scoring cos

The Reserve Bank of India on Thursday said it plans to open a web portal to allow depositors search for their unclaimed deposits across banks, and issued norms to make credit information companies (CICs) more accountable, measures aimed at helping consumers.

RBI allows pre-approved credit lines for payments over UPI

Individuals with pre-approved credit lines from banks will soon be able to use it to make payments over the Unified Payments Interface (UPI), the Reserve Bank of India (RBI) said on Thursday, setting the stage for new credit products over the homegrown payments platform.

Organ donation chapters to give fresh lease of life to NCERT curriculum

As part of India’s drive to promote organ donation, the Union health ministry has drafted a curriculum titled “organ donation\" to sensitise school students on the issue.

Drop limit on value for goods exports via courier: ICRIER

Making a case for the removal of value limit on exports through courier, an ICRIER report, has said such limits place Indian express companies and exporters at a disadvantage against global competitors.

No final decision of milk products on import yet: Govt

The Union government on Thursday clarified that no final decision has been taken on import of milk products such as ghee and butter and that if at all such a decision is taken, imports would be routed only though the National Dairy Development Board (NDDB), which would ensure that the market is not distorted and the interests of dairy farmers are protected.