Persistent Systems' pricey valuation keeps investors on their toes

Investors in Persistent Systems Ltd were elated after the company delivered a 3.1% sequential constant currency revenue growth in the traditionally slow December quarter (Q3FY24), sending its stock to a 52-week high of 18,713.70 on Tuesday.

Colgate's margins up, but volume's an issue

Are the best of margins behind for oral care products company Colgate Palmolive (India) Ltd?

India tops investment plans of Japanese companies

India remains the top choice for Japanese manufacturing firms looking to invest abroad, Itagaki Shinichi of the state-owned Japan Bank for International Cooperation (JBIC) said in an interview.

SII receives $30 mn to make vaccines for future pandemics

Serum Institute of India (SII) is set to receive up to $30 million from the Coalition for Epidemic Preparedness Innovations, or CEPI, to expand its vaccine production capability, specifically targeting infections that hold potential to trigger an epidemic or pandemic.

Petrol product export earnings decline

India saw a steep fall in earnings from exports of refined petroleum products in the nine months from April to December 2023 due to declining crude prices, a rise in domestic consumption, and shrinking discounts on Russian oil.

Livestock and dairying may get 20% hike in FY25 budget

Special emphasis on schemes that are aimed at promoting indigenous bovine breeds

Byju's auditor casts going concern doubts

Ed-tech giant Byju's faces \"material uncertainty\" and doubts on its ability to continue as a going concern, the company's auditor said in its 2021-22 earnings report, as what was once India's most-valued startup struggled in a year that was among the best for India's ed-tech sector.

Statistical system now under PMO lens

The Prime Minister's Office (PMO) has begun an important stock-taking of India's statistical system in the wake of several controversies related to official surveys and estimates, according to two persons aware of the discussions in the government.

Sebi scuttled Zee's merger with Sony: Chandra to FM

A week before Japan's Sony Group Corp called off the merger of its local unit with Zee Entertainment Enterprises Ltd, Subhash Chandra, founder-promoter of the Indian entertainment giant, wrote to Union finance minister Nirmala Sitharaman, accusing the country's markets regulator of attempting to scuttle the $10-billion merger.

Markets take a plunge; stormy weather ahead

After a 1.47% fall, derivatives signal more selling; Vix shows volatility ahead

Long covid research throws crucial finding

The University of Zurich study reveals a key cause for why the illness persists

Using Ayurveda and science for restful sleep

Beyond soft pillows, dim lights and sleep supplements, the solution for restful Sleep may lie in listening to our bodies

Water resource inadequacy is a challenge we must take head on

India’s mitigation plan for climate change should accord high priority to a basic scarcity that may impede economic growth

How to earn rewards on payments of electricity, other bills

The Amazon Pay app allows users to recharge its wallet balance only through debit cards or UPI (Unified Payments Interface).

Are ultra premium credit cards worth their hefty annual fees?

Cards that don’t give a fee waiver option become a costly proposition the second year onwards

THE DISQUIET AROUND IFFCO'S MAGIC FERTILIZER

Nano urea was expected to disrupt the fertilizer sector. Instead, it is battling efficacy red flags and farmers’ ire

Companies battle for small pool of IT employees: Mint-Shine report

Companies, both IT and non-IT, are grappling with one another to dip into the same cohort of skilled IT employees, leading to a talent gap that India Inc. is struggling to fill.

NASA spacecraft 'pings' India's Chandrayaan-3 lander on Moon

Laser instrument onboard a Nasa spacecraft orbiting the Moon has successfully pinged the Vikram lander of India's Chandrayaan-3 mission, the US space agency said.

EU to up economic security to shield key tech from China

The European (EU) Union will take the next step this week in its effort to recreate itself into a global power that can leverage its massive single market to rebuff coercive actions from the likes of Beijing, Moscow and even Washington.

U.S. seeks to shut down Hamas-linked currency exchanges

The U.S. on Monday levied a fifth round of sanctions against alleged Hamas financing networks since the group's Oct. 7 attack on Israel, targeting currency exchanges as key funders for the group and citing cryptocurrency transfers.

EU presses Israel on two-state solution

EU ministers hold meetings with diplomats from both sides, Arab states

After 2 anxious years, many Zee investors had it enough

While foreign investors dumped Zee's shares over two years, mutual funds picked them up

TV, streaming cos in distress over draft broadcast bill

The proposed Broadcasting Services (Regulanificant distress within the television and streaming industries. The draft bill, which seeks to regulate broadcasting services, including OTT content and digital news, has been extended for comments until 27 January.

'Businesses finding it tough to accomplish net zero goal'

A challenging global scenario, economic slowdown and high inflation are big challenges

Poor Q3 demand trips Metro

Metro Brands Ltd has begun 2024 on a dull note. The shares are already down 10%. This after the stock gained as much as 44% in 2023 riding on the premiumization trend. Muted consumer demand and lower-than-expected performance in the December quarter (Q3FY24) are the primary factors that have pushed the stock down this year.

Edelweiss Alts bets on robust returns from second fund

Edelweiss Alternatives, which is in the process of raising capital for its third special situations fund, is expecting robust exits from the second fund over the next fiscal year, a top executive told VCCircle.

'Eruditus India revenue to get a bump in 3 yrs'

The company reported a 70% increase in revenue to ₹3,343 crore FY23

Health authorities recommend WHO-backed vaccine as flu cases rise

In response to a rise in influenza infections in the country, the National Centre for Disease Control (NCDC) has recommended the prudent use of the Southern Hemisphere's 2024 quadrivalent influenza vaccine, as per an official notice.

Cheaper Venezuelan crude may return to India from Feb

Cheaper Venezuelan crude oil may start flowing to India from next month-a gap of three years-as domestic refiners move away from Russia to cheaper energy imports after sanctions-hit Moscow drastically reduced discounts to around $2 per barrel, three people aware of the development said.

Build up forex reserves, says Rajan

Emerging-market authorities must take action to protect their economies against spillovers from \"populist and extreme\" macroeconomic policies in the industrialized world, former Reserve Bank of India (RBI) governor Raghuram Rajan said in an interview about his new book. This means building buffers like foreign-exchange reserves. Edited excerpts: