CATEGORIES

Cash mkt volumes drop 20% in FY23

Despite investor inflows through systematic investment plans (SIPs) crossing ₹13,000 crore for a fifth consecutive month in February, cash market turnover fell 20% during FY23.

SpiceJet open to sell more stakes in airline biz

Low-fare airline SpiceJet is open to selling more shares to reduce its liabilities, chairman and managing director Ajay Singh said.

Accenture to fire 7,000 in India as part of global cuts

Accenture Plc plans to fire at least 7,000 of its about 350,000 employees in India as the world’s largest technology services company prepares to let go of 19,000 people or 2.5% of its global workforce in the next 18 months.

Working With AI Robots Could Worsen Human Work Cultures

Lean and mean machines are influencing how we interact at work

Govt Plans Launch Of 6G Tech By 2030

India plans to design, develop and deploy 6G network technologies that will offer ubiquitous and secure connectivity at an affordable cost by 2030.

AT1 bond jitters needn't unnerve Indian issuers

Before Credit Suisse, investors saw them written off in Yes Bank's case. So long as this risk is clear to all, such bail-in' bonds have a reason to exist. Their returns might need to rise a bit

Privatized Air India's takeoff can lead other PSUs to thrive as well

The ideal path ahead would be the 'corporatization' of PSUs by gradually offloading state-held equity into our stock market

Sunak wins post-Brexit trade vote

Despite opposition, Sunak won the vote by 515 to 29, suggesting that many in Conservative Party had abstained

Govt plans to sell up to 3.5% of HAL

The government is planning to sell up to 3.5% stake in aerospace and defence company Hindustan Aeronautics Ltd this week in a deal that could fetch the government ₹2,867 crore, an exchange filing showed on Wednesday.

Mudlapur named MD, Bosch Ltd

Bosch, the German engineering and technology company announced significant changes to its leadership team in India on Wednesday.

No FDI limit for OTTs brings clarity to broadcasters

The broadcasting ministry's announcement that the 26% foreign direct investment limit on digital media will not apply to OTT platforms (over-the-top) streaming news has provided clarity for broadcasters such as Zee Entertainment Enterprises and Viacom18 Media Pvt Ltd.

The Collective to open 20 stores in FY24

Aditya Birla Group's decade-old, luxury multi-brand retail store, The Collective, among other brands, will add 20 new stores in the next one year. Of this, The Collective' will have 10 new stores, while the other outlets will be for mono-brand stores like Hackett, Fred Perry, Ted Baker, Polo Ralph Lauren and Ralph Lauren, said Amit Pande, brand head, The Collective & International Brands at Madura Fashion and Lifestyle said in an interview.

Price hikes are nice, but NMDC needs to grow volumes as well

State-owned iron ore producer NMDC Ltd raised prices by 2-5% from Tuesday. The latest price hikes are pretty much on expected lines given that the ongoing March quarter is seasonally strong.

RBI's Das calls for computing infra

Reserve Bank governor Shaktikanta Das on Wednesday stressed the need for augmenting the central bank's existing computing infrastructure supported by cutting-edge facilities for research and capacity building in emerging areas.

Chandrayaan 3, Aditya L1 may be launched in middle of 2023

Indian Space Research Organization (ISRO) chairman S. Somanath on Wednesday said the launch of Chandrayaan-3, India's third lunar mission, and the first solar mission Aditya Ll will possibly happen by the middle of 2023.

President bestows Padma awards on KM Birla, others

Investor Rakesh Jhunjhunwala and Rasna’s Areez Khambatta among those honoured posthumously

Lower oil prices to aid OMCs' marketing margin outlook

Softening crude oil prices after staying elevated for more than a year since the start of the Russia-Ukraine war in February 2022 bode well for domestic refiners as well as for the broader economy.

Siguler Guff plans to raise $350 mn for second Asia fund

Siguler Guff, a multi-strategy private markets investor with over $16 billion in assets under management, is considering a $350-million Asia fund, which will back companies in India and Southeast Asia, two people in the know said.

European carbon tax could torpedo FTA talks: experts

The carbon tax, beginning Oct, could attract a 20-35% duty on key Indian shipments

Former rogue trader Nick Leeson reemerges as a private spy

Nick Leeson, the former derivatives trader who brought down Barings Bank, has joined a corporate intelligence firm run by ex-Black Cube operative Seth Freedman.

Some consumer goods cos still hurting from inflation

Manufacturers of packaged food, liquor, and cosmetics are still grappling with higher input costs than seen before the onset of the pandemic, even as the pace of wholesale price gains slows.

DB Power buys back stake from Global Infrastructure for ₹400 cr

Dainik Bhaskar Group’s DB Power Ltd has repurchased Global Infrastructure Partners’ (GIP) stake in its thermal power business for ₹400 crore, in a deal that has facilitated the investor’s exit, two people with knowledge of the deal said.

All Vistara staff to be absorbed in Air India: CEO

Air India will absorb all 5,100 Vistara employees as part of the merger plan to consolidate the number of airlines under the Tata group to two from four, Vistara’s chief executive Vinod Kannan said.

Jio Fin looks to hire from other lenders for top roles

Jio Financial Services is scouting for talent with digital banking expertise to fill top management roles and is assembling a team of former executives from private lenders such as ICICI Bank, three people aware of the development said.

India may begin to export coal by FY26

Govt is exploring supplying surplus coal to India’s neighbours

ISL 2022-23: An Exciting Season Of Historic Firsts

The dramatic Indian Super League season was defined by two clubs, Mumbai City FC and ATK Mohun Bagan

Here's The Fixed Income Portfolio That Can Tackle Rising Interest Rates

Investing in fixed income has never been so tricky. After a period of muted returns, fixed income investors are offered higher bond yields, but investors are faced with a fundamental question—is it the right time to build a fixed-income portfolio? What if bond yields go up further?

Google Expanding Access To Bard Ai Chatbot To Counter ChatGPT

The move intensifies the battle between Google and Microsoft to dominate the release of advanced AI tools

Credit Suisse's rescue crossed a consequential debt Rubicon

It's a shock that its shareholders fared better than ATI bond holders

Do not let increasing heatwaves sap worker productivity in India

Extreme heat as climate change worsens could adversely impact our economic output unless we adopt mitigative measures