CATEGORIES

Centre leans on states to put asset monetization on track

Central ministries may provide support and guidance to states to carry out the process

Sony and Honda unveil Afeela EV in latest challenge to Tesla

Sony Honda Mobility Inc. said its electric vehicle will launch under the brand Afeela, the latest debut in a field already crowded by earlier entrants such as Tesla Inc.

Kedaara, others explore part exit from Lenskart

Lenskart's early backers, including Premji Invest, Kedaara Capital, TR Capital, and SoftBank, are seeking to sell a portion of their stake to Abu Dhabi Investment Authority, five people with direct knowledge of the development said.

Amazon cuts more than 18,000 jobs, the most in recent tech wave

Amazon.com Inc.'s layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back amid economic uncertainty.

Ceat eyes $2 bn revenue in near term: Goenka

Even in his younger days, Anant Goenka was drawn more to Ceat Ltd than other ventures of the RPG Group since the tyre business was more intuitive to him than other family businesses like engineering and technology.

Digital competition bill may reach House in monsoon session

The ministry of corporate affairs (MCA) has accepted the suggestion from the Parliamentary standing committee on finance to bring a new law to police Big Tech and has started work in this area with the idea of tabling a bill in the monsoon session of Parliament, a person informed about the discussions in the government said.

Hot services sector poses inflation risk

Soaring services costs may push retail inflation back above RBI's band

Césars take a stand against sexual crimes

Those artists under investigation for sexual violence will not be invited

'White Noise' travels well from page to screen

Noah Baumbach's film is successful in capturing the spirit of Don DeLillo's novel, one of the most dissected works of 20th century literature

The Great Moderation is dead and a stagflationary debt crisis looms

Expect higher war spending by governments, large deficits, debt monetization and inflation to go with global supply shocks

'We started in India but we always wanted to be a global startup'

It is a stock analytics company. It caters to both institutional and retail clients. To top it all, it is a profitable venture, unlike several other tech startups. Reasons enough for Trendlyne-founded by first-time entrepreneurs Amber Pabreja and Devi Yesodharan in 2017-to be a one-stop shop for stock market investors.

Russia says unauthorized use of cellphone allowed Ukraine to target its soldiers

Unauthorized use of cell phones by Russian soldiers led to a deadly Ukrainian rocket attack on the facility where they were stationed, according to the Russian military, as it raised the death toll from the weekend attack to 89.

EU plans joint response to China covid crisis

China has already rejected travel curbs and warned of \"countermeasures\"

Zomato's senior level exits worry restaurant partners

The company may scout for internal candidates to move up to leadership roles

Supply chains eye new tech

Firms across the world are increasingly convinced that tech upgrades are needed, especially after the pandemic

Dominance of Chinese smartphones to wane

Samsung may bounce back as greater scrutiny makes Chinese brands wary

iPhone production delays, demand woes spell pain for Apple investors

Investors are no longer turning a blind eye to risks facing Apple Inc., an about-face that has taken the iPhone maker's market value below $2 trillion and threatens more pain for the stock in the months ahead.

Tech investors are driving in a fog

The December quarter is usually a seasonally weak one for the information technology (IT) sector, mainly impacted by furloughs and lower number of working days.

Byju's founder taps funds to buy back 15% from investors

Raveendran now holds 25% in Byju's; buyback may happen below its last valuation of $22 bn

'India will try to defuse Ukraine flare-up'

India tried to defuse the situation around Ukraine's Zaporizhzhia nuclear power plant and quietly helped in the grain deal between Moscow and Kyiv, External Affairs Minister S Jaishankar said even as he vehemently rejected charges of New Delhi being a war profiteer over its procurement of discounted Russian oil.

India to advance its EV infra hub ambition at G20 meets

US strategy of friendshoring has put India in a favourable spot in the EV supply chain

Cinemas swing between hope and jitters as big releases loom

After a forgettable 2022 that brought barely half the revenues of pre-pandemic years, the Hindi film industry is placing hopes on the first quarter of the New Year, with four big movies lined up for release.

Shifting PhonePe base to India costs $1 billion tax for Walmart

Walmart Inc. and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India, according to people familiar with the matter.

NARCL emerges highest bidder for Srei group firms

The National Asset T Reconstruction Co. Ltd (NARCL) emerged as the top bidder for the assets of Kolkata-based Srei Group after a lengthy auction process that ended past midnight on Wednesday, two people aware of the matter said.

GMR Sports in talks to acquire gaming startup Fantasy Akhada

Fantasy gaming startup F Fantasy Akhada is in talks to sell a significant stake to GMR Sports, a GMR Group entity, at a valuation of $160-175 million (₹1,300-1,400 crore), four people aware of the development said.

Volatile gas may upset fertilizer subsidy math

Volatility in natural gas prices due to the Russia-Ukraine war is expected V to add a dash of uncertainty to India's budget estimations for the next year, potentially upending calculations for fertilizer subsidies, two people familiar with the government discussions said.

₹19,744 cr green hydrogen mission gets cabinet nod

The Union cabinet on Wednesday approved the national green hydrogen mission, allocating ₹19,744 crore to produce 5 million tonnes of green hydrogen annually by 2030.

'Tech regulation should be in national interest'

Eight years after he was named chief executive of Microsoft-only the third in the 47-year history of the Redmond, Washington-based firm that pioneered personal computing-Satya Nadella can be pleased with the bets he has made.

'Use science to make India self reliant'

Prime Minister Narendra Modi on Tuesday asked Indian scientists should work to make the country 'aatma nirbhar' (self reliant) by paying special attention to real-world applications of scientific innovation.

HC raps Maharashtra for 2-year delay in action against J&J

The Bombay High Court on Tuesday pulled up the Maharashtra government over the delay in taking action against Johnson and Johnson Pvt. Ltd for its baby powder products.