CATEGORIES

States seek PLI, competitiveness index, credit rating for small cos

State governments have requested the Centre to implement a production-linked incentive scheme for micro, small, and medium enterprises (MSMEs) and support state-run financial institutions in assisting MSMEs in hill regions, documents reviewed by Mint showed.

Apple CEO's pay cut 40% in 2023 after shareholder feedback

Apple Inc. is cutting chief executive officer Tim Cook's compensation by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay.

NCLT okays transfer of Jet's ownership to Jalan-Kalrock

The Mumbai bench of National Company Law Tribunal (NCLT) on Friday approved the transfer of ownership of bankrupt Jet Airways (India) Ltd to the winning bidder Jalan-Kalrock consortium.

Semiconductor cos from Japan to explore India mkt

Semiconductor companies from Japan plan to explore investment opportunities in the Indian market at a time New Delhi is seeking a broader role in the global semiconductor ecosystem.

Large deal wins lift Wipro IT services revenue in Oct-Dec

Wipro Ltd on Friday reported a 14.7% rise in IT services revenue for the third quarter of FY23 at ₹23,055.7 crore compared to ₹20,093.6 crore in the same period the previous year, backed by 11 large deal signings totalling more than $1 billion.

Govt plans new trade body to push exports

Centre lays groundwork to tackle looming slump in global economy

Let's slow travel Down Under

From spending a night on the Great Barrier Reef to a cruise in Tasmania, here are some off-the-beatentrack experiences

Private geo-engineers are just winging it to shade the planet

A startup offering climate cooling services should be a wake-up call

Academic liberty is an Ivy League must-have

Higher education opened to foreign universities is welcome but academic freedom is key and India will have to rely on its very own institutions to emerge globally as a land of learning

Is it better to now shift your home loan to another bank?

If you have several years of EMIs left to pay, the savings on interest costs can be worth it

RENEWED INTEREST IN COVID-SPECIFIC INSURANCE PLANS WITH SURGE IN INFECTIONS

There has been a surge in covid cases in neighbouring countries, leading to increased concern about masks, vaccines, and covid-specific insurance plans.

Easing covid curbs in China good for metals

Sentiments have improved significantly and metal prices have been rising

PM Modi at Global Investors Summit 2023

Conceptualised in 2007, the biennial event, Invest Madhya Pradesh - Global Investors Summit has turned out to be the most promising occasion for investors and the business community all over the world.

HCL Tech's PAT up 19% in Dec quarter

HCL Tech posted a 19% rise in net profit in the December quarter to ₹4,096 crore, up from ₹3,442 crore in the year ago, growing at a faster clip than peers Infosys and TCS.

Alibaba sells Paytm stake worth $125 million through block deal

China's Alibaba Group sold a 3.1% stake in Indian digital payments firm Paytm for a total of $125 million through a block deal on Thursday, a source with direct knowledge of the matter said.

Goat Brand Labs buys Chumbak, four other brands

Direct-to-consumer (D2C) brand aggregator Goat Brand Labs has acquired home and lifestyle brand Chumbak for an undisclosed amount. The company has also bought four more brands, which will be disclosed in the coming days, it said in a statement on Thursday.

Indian whiskey makers await reciprocal market access to Australia

Days after Australia gained lower duty access for its high-end wines under the India-Australia interim trade deal, India's alcoholic beverage makers said they are still waiting for reciprocal access for their products.

Retail inflation eases to 1-yr low

Retail inflation cooled to a one-year low in December, remaining below the Reserve Bank of India's upper tolerance limit of 6% for the second straight month, thanks primarily to lower vegetable prices.

Indian banks will grow at up to 15%: Kamath

Veteran banker K.V. Kamath on Thursday said India's banking industry is poised to grow at 10-15% this year, despite the World Bank warning of a global recession in 2023.

'We want to become No. 1 in SUVs by FY24'

Maruti Suzuki India Ltd is set to double its sport utility vehicle (SUV) offerings to four by launching two new sub-four metre vehicles, Fronx and Jimny.

Infosys raises FY23 revenue forecast on strong deal wins

Firm says it signed 32 large deals in Q3 for a total of $3.3 bn, the highest in 2 years

The Tesla-versus-BYD rivalry is far fuzzier than it may seem

A snappy sales comparison is not a useful clock-timer for this race

America's missing ambassador to India is straining bilateral ties

It is time for the Biden administration to get its act together and put Garcetti on a plane to New Delhi without further delay

Fix those inverted duty structures to lift exports

Such dampeners of global commerce must be eliminated for India to become a factory to the world in a period of high flux and these reforms should be an explicit part of our next budget

Know the perils of guaranteed return insurance plans

What do you understand by participatory and linked insurance policies? Here is what you should know about them.

Copper tops $9,000 as China reopens

Copper rose above $9,000 a ton for the first time since June, fueled by optimism China's reopening will spur demand in the world's top that consumer.

NRIs from 10 countries can use UPI with domestic accounts, int'l phone numbers

Non-resident Indians (NRIs) from 10 countries can now use UPI to send and receive money if their domestic bank accounts are linked to their phone numbers abroad.

MG Motor India expects at least 25% of sales from EVs in 2023

M  Motor India, owned by China's SAIC Motor, expects electric vehicles (EV) to account for at least a quarter of its sales in India in 2023, the automaker said during the country's biennial auto show on Wednesday.

India's SIP inflows can double in 3 years: Aditya Birla AMC

Systematic plan (SIP) inflows could double in the next three years with people realizing the power of this investment tool, said A Balasubramanian, managing director and chief executive, Aditya Birla Sun Life AMC.

Paint companies pause price hikes as cost inflation woes recede

Investors in paint stocks can heave a sigh of relief as cost inflation pressures are receding.