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Akasa Air to hire 1,000 staff; 'three-digit' plane order soon

Next fiscal year, the carrier aims to add nine planes to its fleet, taking total size to 28

'Digitization is helping but has limits to what it can do'

Digitization is helping right now but there is a limit to what it could do

LIC may cap its debt exposure

Adani rout impact: LIC is planning to cap its debt and equity exposure in individual firms, group companies and companies that are backed by the same promoters.

India turns Mercedes' largest assembly mkt

German automaker not planning part-by-part production in the country

UK's Gatwick tempts Indian airlines with lower flier costs

It has also been in talks with Air India, which is starting a few flights, connecting Gatwick to Amritsar, Ahmedabad, Goa and Kochi from 26 March.

India to pitch for reforms in WTO during G20 meetings

Dispute settlement mechanism of the trade body needs to be streamlined

Starbucks' new CEO trained as barista to prepare for role

One of the first areas of focus for the former PepsiCo Inc. executive: the brand’s sprawling supply chain.

L&T eyes 30% share of electrolyzer mkt

Larsen and Toubro Ltd aims to capture 30% of India's electrolyzer ket once its technology partnership with McPhy Energy of France goes on stream, a top executive at the engineering conglomerate said.

Government weighs exempting overseas funds from complying with angel tax rules

The provision will come into effect from 1 April 2024 and remains unchanged in the Finance Bill for the year starting 1 April.

IT services sector plans to cut 5% of BFSI workforce

Top IT companies such as Tata Consultancy Services, Infosys, Wipro and HCL Tech are still facing high employee costs, despite a decline in overall headcount.

Finance Bill passed without discussion

The amendments to the Finance Bill include the imposition of short-term capital gains tax on the interest income from debt mutual funds and higher securities transaction tax (STT) on options and futures trade, among others.

Centre drops tax benefits for debt MFs in boon for banks

According to the finance bill, from 1 April, investors in debt mutual funds would no longer be able to avail of the long-term capital gains tax benefit despite remaining invested over three years.

Rahul Gandhi expelled as Lok Sabha member

Move comes day after Surat court held him guilty in defamation case

Auto Buyers May Feel Inflation Pinch

Top automakers announce price hikes starting next month

Schizophrenia treatment may finally be worth talking about

Karunas new therapy promises relief without nasty side effects

Worker incomes in India are still signalling tough circumstances

An income revival is essential for the key role it plays in driving consumption and reducing poverty

An evolving bug risked distorting our evolution

Global thinkers had warned us of a covid-led surge in submission to authority. In spite of an observed tendency, the post-pandemic record so far suggests we haven't changed much

FRAUD RISK MANAGEMENT: AN URGENT NEED TO BUILD THE RIGHT FRAMEWORKS

Insurance companies have historically faced, and dealt with, several types of insurance frauds ranging from mis-selling of insurance products to leakages in commissions paid and inflated billing. Today, in addition to such frauds, insurance companies are faced with newer and more innovative fraudulent practices stemming from the pervasiveness of digitization. One such key risk that demands immediate attention is cyber security risk.

Ajay Banga to meet PM Modi during this week's visit

The US nominee to lead the World Bank, former Mastercard CEO Ajay Banga, is to visit India on Thursday, capping a three-week global tour to drum up support and discuss development and climate needs with donor and borrowing countries.

Parmar new GM of Mars Wrigley Asia

Chocolate and confectionery maker Mars Wrigley has elevated its India head Kalpesh Parmar as the new general manager of the Mars Wrigley Asia business. In his new role, Parmar will oversee businesses across 20 markets.

Mazumdar-Shaw leaves Infy board

IT services major Infosys on Thursday announced the retirement of Kiran Mazumdar-Shaw as an independent director on the board, effective 22 March, upon completion of her tenure.

Apple to splash $1 bn a yr to produce movies

The co views this as a way to build awareness for its TV+ streaming service

Hindenburg shorts Jack Dorsey's firm Block, shares plunge

Hindenburg Research on Thursday disclosed short positions in Block Inc and alleged that the Jack Dorsey-led payments firm overstated its user numbers and understated its customer acquisition costs.

Unauthorized stock advice on social media under Sebi glare

India's market regulator is to take action against at least four companies alleged to have been pushing stock tips through social media without authorization, documents reviewed by Reuters showed and two people with direct knowledge of the matter said.

Sanofi, Regeneron's drug tastes success in lung trial

Asthma jab shows promising results in study of almost 1,000 current, past smokers

Wheat prices heat up, fuelling inflation fears

Wheat prices have started climbing again despite the government launching open market operations to rein in prices of the crucial commodity due to the unseasonal rains in key wheat-producing states. Wheat prices shot up by 15% in Jan-Dec 2022.

DMRC seeks review of HC order on Rinfra dues

The Delhi Metro Rail Corp. (DMRC) on Thursday moved the Delhi High Court seeking a review of a single judge order on Reliance Infrastructure-led Delhi Airport Metro Express Pvt. Ltd’s plea, seeking payment of dues by DMRC under a 2017 arbitral award.

Rahul Gandhi gets two years' jail term in defamation case

Surat court grants bail to the Congress leader, while suspending the sentence for a month

The UBS deal saved not just Credit Suisse

The chairman of Switzerland's largest bank received an urgent call last week. On the other end were three top Swiss officials who delivered an ultimatum dressed up as a proposal. UBS Group AG needed to rescue its failing rival, Credit Suisse Group AG.

Toshiba accepts $15 bn buyout bid

Toshiba Corp. accepted a buyout offer from a Japanese consortium, according to people familiar with the matter, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history.