CATEGORIES

Have Uber, Lyft finally found a way to make ride-sharing profitable?

Longtime money-losing ride-share companies Uber Technologies and Lyft have surprised naysayers by doing what many thought was impossible: racing toward steady profits.

Morgan Stanley is laying off several hundred in wealth management unit

Morgan Stanley plans to cut several hundred jobs in its wealth management division as new Chief Executive Ted Pick seeks to rein in costs in an area that is critical to the Wall Street firm's success but has shown signs of weakening lately.

Buffett's Berkshire Hathaway trims its massive stake in Apple

As investment rose to outsize share of stock portfolio, investors wondered how big Berkshire would let it grow

RHETORIC OR REALITY: FOCUS ON PER CAPITA

There was a time, I feel sure, when India had nobody who played cricket.

IBBI panel backs dispute settlement through mediation

A rule nexpert panel set up by bankruptcy maker, Insolvency and Bankruptcy Board of India (IBBI), has recommended voluntary mediation as a way of settling disputes that arise when creditors take over sinking businesses.

Tata may spin off its battery business

Tata Group is considering a potential spinoff of its battery business, according to people familiar with the matter, as the conglomerate expands its foray in the country's renewable-energy and electric-vehicle (EV) sectors.

Modi to dedicate 7 AIIMS before polls

Ahead of the Lok Sabha elections, Prime Minister Narendra Modi is set to lay the foundation stones for seven All India Institutes of Medical Science or AIIMS starting with one Rewari, Haryana, on Friday, according to health ministry officials.

With penalties, restrictions, RBI turns up heat on lax KYC

KYC is a critical weapon in the battle against money laundering and financial fraud

Infosys inks $300 mn deal with S'pore firm

Infosys has bagged a $300million contract from Singapore-based Pacific International Lines running until 2027, industry executives revealed, a fortnight after signing a multi-year deal with an Irish food retailer, as India's second-largest IT company recovers from the loss of a billion-dollar-plus project in December.

Indian films shine at overseas box office

Recent Indian films may have received a lukewarm response at home, but overseas box office collections have sprung a pleasant surprise, as audiences thronged the cinemas to watch their favourite stars in action, undeterred by steep ticket prices.

Swamy alleges scam in Axis-Max Life deals

Senior BJP leader Subramanian Swamy on Thursday moved the Delhi High Court alleging a scam of nearly ₹15,100 crore in the way Axis Bank sold and purchased shares of insurer Max Life Insurance Company.

BSNL workers seek Vi's 4G network

Bharat Sanchar Nigam Ltd's pan-India 4G service launch will get pushed to December due to delays by vendor Tata Consultancy Services Ltd (TCS) to install 4G equipment, its management told the employees' union last week, prompting the state-run telecom operator's workers to ask the Centre to allow the company to temporarily use rival Vodafone Idea's 4G network.

Large private banks reach informal no-poaching pact

Private sector lenders are seeking to stem attrition, which is severe at the junior level

Vedanta's promoters offload 1.76% stake via BSE bulk deal

Promoters of mining and natural resources major Vedanta Ltd offloaded 1.76% stake in the company for ₹1,737 crore on Thursday through a bulk deal on the BSE, data show.

Managing debt to be key for Prestige

Prestige Estates Projects Ltd put up a decent show in the December quarter (Q3FY24).

'Banks face funding hurdles'

Funding conditions in India are likely to play a crucial role in constraining loan growth for many banks in the country, and credit expansion could moderate by 200 basis points in the next fiscal year, S&P Global Ratings said in note on Thursday.

Sebi eyes new rules for PMS distributors

Markets regulator Sebi on Thursday proposed promoting collective oversight of PMS distributors by making registration with the Association of Portfolio Managers in India (APMI) mandatory for them and facilitating ease of digital onboarding process for portfolio managers' clients.

Tractors a sore spot for M&M

Mahindra & Mahindra Ltd's journey is a tale of two parts.

Tech, regulations reshaping global banking revolution

Digital technology is transforming the banking sector, enhancing customer experience, improving operational efficiency, and reducing costs amid the turbulent economic and regulatory environment, Sonny Singh, executive vice president and general manager, financial services global business, Oracle, said at Oracle CloudWorld event.

Instamojo opts out of payments gateway bid

Focusing on upgrading platform to help merchants, says founder Swain

Demand for gold may hit 900 tonnes this year

Gold consumption in India is likely to rise to 800-900 tonnes in calendar year 2024 compared with 700-800 tonnes annually since 2019 on the back of robust economic growth and higher income, Somasundaram P.R., managing director (India), World Gold Council (WGC) said.

Innovation fund likely for co-op lenders to foster farm entrepreneurs

A committee charged with drafting a new national cooperation policy has recommended that a national innovation fund be set up to encourage entrepreneurship in primary agricultural credit societies (PACS), a member of the committee said.

Terror-hit gasfield ops likely to resume

Rituraj Baruah

G20 president Brazil takes food security leaf from India

It will also take up issues like fair trade, climate change and preserving biodiversity loss

Top builders tap new cities as housing sales pick up

BENGALURU Leading developers are entering new markets for residential projects, as rising urbanization and an expanding middle class fuel a housing boom.

Props grab more of derivatives market; retail cedes share

Retail investors dabbling in derivatives often get the short end of the stick.

SC brings an end to electoral bond era

Amendments unconstitutional; violates right to information'

Unlocking Retirement Prosperity: How NPS Remains Cutting-Edge

The main reason for NPS's popularity is the consistency of returns and cost-efficiency

Our Youth Don't Favour All Elections Held In Sync

A sizeable demographic chunk of India is largely unconvinced of one nation, one poll,' as the latest YouGov-Mint-CPR Millennial Survey reveals, and it's easy to understand why

There is plenty that ails India's index of industrial production

The ITP is old and rusty but GST data can be used to formulate an indicator that offers a better picture of economic change