CATEGORIES

Govt raises ₹1,350 crore via RVNL OFS

THE GOVERNMENT NETTED around ₹1,350 crore from the 5.36% stake sale in Rail Vikas Nigam Ltd (RVNL) through a two-day offer for sale (OFS) which concluded on Friday.

With AI language models, Google robots are getting smart

RECENT ADVANCES EQUIVALENT TO GIVING THEM ARTIFICIAL BRAIN

Ola Electric's FY23 loss at ₹1.1K cr likely

INDIA'S LARGEST E-SCOOTER maker Ola Electric recorded an operating loss of ₹1,119 cr ($136 million) on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal.

PM's trusted partner pitch to chip firms

DISPELLING THE NOTION that the plans to make India a key player in the global semiconductor value chain may not have moved apace, Prime Minister Narendra Modi said on Friday that the country \"is establishing an entire ecosystem for the industry to grow,\" and would serve as a \"grand conductor\" of investments in the sector.

Foxconn looks to invest $2 bn in India over 5 years

Funding to boost chip, electronic manufacturing

Govt nod for firms to list on GIFT IFSC

To help firms access global capital, fetch better valuations

Parle top in-home brand, Britannia leads out-of-home

Consumer reach points increased nearly 50% in 5 yrs

Bajaj Finserv PAT jumps 48%

BAJAJ FINSERV ON Thursday reported a 48% year-on-year rise in its consolidated profit after tax to ₹1,943 crore and a 47% growth in total income to ₹23,280 crore for the April-June quarter, driven largely by the strong performance of the company's lending subsidiary, Bajaj Finance (BFL).

Airtel Africa posts net loss of $170 mn in Q1

BHARTI AIRTEL-OWNED Airtel Africa reported $170 million loss in the April-June quarter owing to a foreign exchange loss worth $317 million in the finance cost on the impact of the devaluation of Nigeria's currency.

Samsung to cut production after $7-billion chip loss

ON SAMSUNG ELECTRONICS Thursday said the worst is over for the global memory chip market but announced plans to extend production cuts because a demand recovery is largely constrained to high-end chips used in artificial intelligence.

ECB raises rates to 23-year high

Keeps door open for further hike in Sept

SIPs in small, medium funds score big over the long run

Record SIP inflows point towards a maturing retail investor base that has realised the reward potential

Nod to Bharat Forge for defence participation

CAN JOIN POTENTIAL GOVT PROGRAMMES

Nestle profit up 37% at ₹698 cr

FMCG MAJOR NESTLE India on Thursday reported largely in-line numbers for the quarter ended June 2023, with net profit and revenue coming in at ₹698 crore and ₹4,659 crore, respectively.

Demerger of hotel biz a win-win, says ITC chairman

New entity is expected to have a strong debt-free balance sheet

Rain deficit wiped out in South too

Pan-India rains 7% above LPA, South 9%

Set up Cyber Protection Authority to curb digital financial frauds: Panel

TO CHECK RISING digital financial frauds, the Parliamentary Standing Committee on Finance has recommended the establishment of a centralised overarching regulatory body called 'Cyber Protection Authority (CPA)' on the lines of the Directorate General of Civil Aviation.

India seeking review of FTAs with Japan, Korea: Goyal

Stakeholders were not consulted before these pacts, says minister

Cipla in talks with global PE majors for stake sale

CIPLA'S PROMOTERS ARE in negotiations with private equity majors such as Blackstone and Baring Private Equity Asia to divest a part of their holding in the pharmaceutical company.

Leg-up for businesses as LS clears Jan Vishwas Bill

WHILE THE LOK Sabha passed the Jan Vishwas (Amendment of Provisions) Bill on Thursday, paving the way for decriminalisation of hundreds of offences, including many economic ones, the government has decided to take the process further.

Local FMCG brands stage a comeback

Big companies pad up as smaller players grab share with low price points

Petrochemicals get a PLI boost

ARAMCO, ROSNEFT LOOKING FOR JVs

Air India eyes 300% growth in cargo capacity in next 5 yrs

TATA GROUP-LED Air India's annual cargo capacity is set to increase by a staggering 300% to two million tonnes over the next five years, the airline said on Wednesday.

Meta to provide open source models to boost emerging tech in India

FACEBOOK-PARENT META on Wednesday said it will provide its open source models to strengthen the development of emerging technologies in the country.

Chinese Taipei agrees to solve WTO dispute with India

AFTER THE EUROPEAN Union, Chinese Taipei has agreed to resolve the dispute at the World Trade Organisation with India regarding tariffs on some information technology and telecom products by India bilaterally.

$100-bn opportunity for India in space

A TRANSFORMATION IS underway in the global space sector, from government-led programmes to a fast-growing presence of the private sector, according to a new report by consultancy firm Arthur D.Little (ADL).

IndiGo working with P&W amid global exercise of 'engine removal'

INDIGO, THE COUNTRY'S largest airline, on Wednesday said that it is working closely with engine supplier Pratt & Whitney (P&W) to assess any potential impact to its fleet.

IMF asks India to lift rice export curbs

'Move likely to exacerbate volatility in food prices'

Tata Consumer first qtr profit rises 24%, revenue up 12%

TATA CONSUMER PRODUCTS on Wednesday reported largely in-line numbers for the quarter ended June 2023 (Q1FY24), with consolidated net profit, revenue and earnings before interest tax depreciation and amortisation (Ebitda) coming in at ₹317 crore, ₹3,741 crore and ₹547 crore each.

Coca-Cola raises revenue, profit forecasts on demand

COCA-COLA RAISED ITS annual revenue and profit forecasts after beating quarterly results on the back of higher pricing, with demand for its sodas remaining resilient at a time when consumers are cutting back on non-essential spending.