CATEGORIES

FMCG firms may be running out of steam

Softening raw material prices boosted the profit margins of Indian listed fast-moving consumer goods companies in the September quarter (Q2FY24), as was expected.

Oberoi Realty moves in the right direction to impress investors

Oberoi Realty Ltd has grabbed investors' attention of late, and for all the right reasons. Shares of the Mumbai-based real estate developer climbed to a new 52-week high of ₹1,415 on 21 November in response to two crucial developments.

Alibaba's quantum computing lab shut

Alibaba Group Holding Ltd has shuttered its quantum computing research lab, a sign that the Chinese e-commerce and cloud operator is considering more cutbacks to bulk up the bottom line.

True North credit fund raises ₹1,000 crore

The fund is raising capital from Indian UHNIs and family offices

Another jump likely in budget for roads

The government proposes to remain focussed on rapid infrastructure growth in the next financial year and may even allow another big increase of 20-25% in capex allocations for the roads ministry in order to speed up road construction, two persons aware of the plans said.

S&P Global raises FY24 GDP growth, cuts FY25 estimate

Robust domestic momentum has offset headwinds from high food inflation and weak exports

Dark pattern guidelines to prescribe penalty for erring digital firms

The government is set to specify penalties for e-commerce companies misleading consumers into taking unintended decisions, as it tightens regulations on unfair trade practices by digital businesses.

Rupee fluctuation a problem, says FM

The government is keeping a continuous watch on the exchange rate, particularly after the slide of the rupee, finance minister Nirmala Sitharaman said on Monday, describing exchange rate fluctuations and high-interest rates as downsides for the Indian economy.

Penalties rise as RBI turns up scrutiny of banks, NBFCs

The Reserve Bank of India (RBI) slapped penalties totalling ₹71.4 crore in 56 cases in the year so far as it enhanced scrutiny of banks, non-banks and other regulated entities, data compiled by Mint showed. In comparison, the banking regulator levied fines of ₹26 crore across 34 cases in all of last year.

LIC glare on firms bringing gen-next to board, top roles

Founders of public companies naming their scions as senior executives or board members may find the going harder as the passing of baton comes under greater scrutiny from the world's biggest public money managers, including Life Insurance Corp. of India (LIC), the country's largest domestic institutional investor.

Irdai questions Care brass on Esops issue

Religare unit asked to reply in a week on \"excessive\" grant

Eat Less Meat Is FAO Message For Rich World In Food's First Net Zero Plan

The world's wealthiest nations will be told to curb their excessive appetite for meat as part of the first comprehensive plan to bring the global agri-food industry into line with the Paris climate agreement.

Chronic pain during work is a big concern

One of today's biggest threats to productivity is employee absence, owing to injuries caused by long work hours that result in repetitive strain

Development distances among states should drive reforms now

Large development gaps among states present challenges but also opportunities to learn from others and address weaknesses

Enact laws which have a good chance to endure

Proposals for India's criminal law overhaul need close scrutiny. In casting off a colonial legacy, we must adopt a Constitutional legal framework that can survive political tides

ESG fund managers increasingly anxious about 'AI blowback'

ESG fund managers who turned to big tech as a low-carbon, high-return bet are growing increasingly anxious over the sector's experimentation with artificial intelligence (AI).

'We are bullish on Indian equities but expect volatility to increase'

\"Asset allocation in equities should reflect the changes in market conditions. Unfortunately, a lot of investors have misinterpreted this as selling when the market goes up and buying when the market goes down,\" says Nimesh Chandan, chief investment officer, Bajaj Finserv Mutual Fund.

BEHIND THE FALL OF CREDIT SUISSE

Insiders and investors say the bank's board, headed by Urs Rohner, was: responsible for its fate

South Korea, Japan and China agree to restart cooperation

The three nations had agreed on annual summits from 2008, but two-way rows and covid interrupted the plan

Israel-Hamas ready for more hostage releases

Releases made in several stages are key to deal brokered by Qatar & Egypt

China says surge in respiratory illnesses is caused by flu virus

WHO had sought information about a potentially worrying spike in respiratory illnesses

ONGC charges premium over Brent deals

India's top oil and gas producer ONGC has signed term contracts with refiners to sell crude oil it produces from Mumbai offshore fields at a premium to international benchmark Brent, sources said.

Don't move my Halloumi: Cyprus wins case

Flavi initiated the registration process for 'Halloumi' in Dec 2021 and in May 2022, Cyprus govt swung into action

TVS Motor to expand its e-scooter range

The company, which currently has two e-scooters in its portfolio, also plans to expand its EV sales infra

Airbus to scale up defence production with Tata arm

Initially, it will focus on sourcing components like metallic & composite manufacturing tech

Draft broadcast bill sparks fears on creative freedom in streaming

The concerns and the lack of clarity have caused most broadcasters to ask for an extension beyond the deadline of 10 December

Pvt general insurers' mkt share expands

Private general insurers increased their combined market share to 53.58% in gross direct premium underwritten in the first half of the current fiscal year from 50.81% in the year-ago period.

China opens probes into shadow banking co Zhongzhi

Chinese authorities said they recently opened criminal investigations into the money management business of Zhongzhi Enterprise Group Co., days after the embattled shadow banking giant revealed a shortfall of $36.4 billion in its balance sheet.

'The intent is to make India an export engine of tech'

In an extensive interview covering railways, information technology, and telecom, Union minister Ashwini Vaishnaw spelt out the government’s vision on multiple fronts—from making India an export engine of indigenous technologies, to strengthening and expanding the railway network with the right technologies to ensure safe and efficient operations, to ensuring that regulation keeps up with technology and therefore the Digital India Bill, to planning for India to take the lead in 6G where standards are yet to be set. New financial incentives for the components ecosystem may also be considered going forward. Edited excerpts:

'India priority mkt for growth'

Pfizer India country president and MD says manufacturing, sales, R&D will grow, amid parent's plan to cut costs