CATEGORIES

RUrban play fuelling growth for Nestlé

IN 2021, NESTLÉ India declared that it would spread its reach to 120,000 villages by 2024 by sprucing up its rural distribution channels. Suresh Narayanan, chairman & MD, had then said that rural is an important dimension for the next phase of Nestlé.

Back on the pitch

Will WPL score higher on viewership and ad revenue this year?

Fed's 'golden path' to soft-landing led by productivity boom

WALL STREET ECONOMISTS are looking for the post-Covid boom in productivity to continue, which would sustain strong growth without a pickup in inflation. Federal Reserve officials are intrigued by the idea, but a little bit skeptical.

Navalny's mother asks Putin for her son's body

LYUDMILA NAVALNAYA, THE mother of dead Russian opposition leader Alexei Navalny, demanded on Tuesday that President Vladimir Putin hand over her son's body so she could bury him.

Walmart Q4 earnings shine as it readies $2.3-bn Vizio acquisition

WALMART KICKED OFF US retailers' reporting season on Tuesday with robust fourth quarter results after inflation-squeezed shoppers flocked to its stores, and said it would buy smart-TV maker Vizio for $2.3 billion.

Nvidia pips Tesla, now most traded Wall Street stock

CHIPMAKER NVIDIA IS replacing Tesla as Wall Street's most traded stock, adding to its prominence after becoming the third-most valuable US company and showing more evidence of how central AIrelated bets have become to investors.

Capital One to buy Discover Financial in $35.3-billion deal

Merger would form the sixth-largest US bank by assets

LVB acquisition boosts DBS Bank’s retail credit

DBS BANK INDIA is likely to clock a 12-15% year-on-year (YoY) growth in overall advances and 25% increase in deposits during the current fiscal, Prashant Joshi, MD and head of consumer banking India operations, told FE in an interaction.

Market rally continues; Nifty hits new peak

BENCHMARK SENSEX SPURTED by 349 points while Nifty scaled a fresh lifetime high on the sixth straight day of gains on Tuesday, driven by buying in banking and select FMCG shares.

Some banks improve CASA ratios while the sector struggles

AT A TIME when the banking sector is facing the problem of declining current account-savings accounts (CASA), few lenders have bucked the trend by improving the share of these accounts. Bank of Baroda, Bank of India, Yes Bank, IDFC First Bank, Punjab & Sind Bank, Tamilnad Mercantile Bank and DCB Bank have witnessed quarter-on-quarter increase in their CASA ratios for the third quarter.

To stay resolute on 4% inflation target: Das

THE RESERVE BANK of India's (RBI) monetary policy committee (MPC) will stay resolute in its goal to align headline inflation with 4% target on a durable basis, Governor Shaktikanta Das in the foreword to the RBI's monthly bulletin.

India's AI market projected to hit $17 billion by 2027

INDIA'S ARTIFICIAL INTELLIGENCE (AI) market is projected to grow at a 25% CAGR to reach about $17 billion by 2027.The growth will be fuelled by multiple factors such as rising enterprise tech spending and growing AI talent base and investments.

Novelis files draft IPO papers in US

NOVELIS INC, THE US subsidiary of Hindalco Industries, said on Tuesday it has filed a draft registration statement with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO).

Meagre growth in warehousing rents in 2 years

WHEN PHOENIX MILLS shelved its warehousing plans after appointing a team and buying a land parcel in Haryana, it was not without a reason.

At $9.8 billion, Mahindra EV tops Tata rival in valuation

THE ELECTRIC VEHICLE (EV) arm of Mahindra & Mahindra (M&M) has left Tata Motors' rival behind as far as valuation is concerned. While Mahindra's EV arm's valuation in August 2023 stood at 80,580 crore ($9.8 billion), Tata Passenger Electric Mobility's (TPEML) was last valued at around 68,250 crore in October 2021.

Why Centre's MSP package failed to enthuse protesting farmers

THE INCENTIVE FOR farmers in Punjab and Haryana in the form of \"assured\" purchases of key pulses at MSP haven't found favour with the agitating farmers in the state because these might not boost their incomes significantly.

Govt: Onion exports ban to continue till March 31

THE BAN ON onion exports will continue till the end of the current fiscal while shipment of essential vegetables is allowed on request from countries, a senior official said on Tuesday.

Indian delegation to visit UK for FTA talks

Both parties target a breakthrough in latest round

Expect a reasonably-low headline inflation: Finmin

WITH THE STABLE downward movement in core inflation and moderation in food prices, economists in the finance ministry said that the outlook for a reasonably low headline inflation rate is good.

FM to meet heads of fintech firms next week; compliance on agenda

FINANCE MINISTER NIRMALA Sitharaman will meet the heads of prominent fintech firms, including payment apps and loan apps, on Monday with a view to addressing their concerns following the curbs imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank (PPBL) and urge them to comply with the relevant regulations.

RBI paper rejects IMF view on public debt reaching 100%

Judicious spending could bring down debt-to-GDP ratio to 73.4% by FY31

India to pitch for tax on cross-border e-comm

New Delhi to oppose China-driven investment pact

Govt looks to tap RIL, Adani, Tatas for nuclear energy investments

INDIA WILL INVITE private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don't produce carbon dioxide emissions, according to two government sources.

Ahead of EGM, Byju's mollifies investors

AHEAD OF BYJU'S extraordinary general meeting (EGM) on Friday, its leadership team has opened communication channels with a group of miffed investors who are pressing for a change in management, including the ouster of founder CEO Byju Raveendran.

Pvt firms must get their act together on capex: RBI paper

THE CORPORATE SECTOR must \"get its act together\" and relieve the government of capex heavy lifting, Reserve Bank of India (RBI) officials have said in the February bulletin.

Draft norms for AI by June-July

THE GOVERNMENT WILL come out with a draft regulatory framework for artificial intelligence (AI) by June or July after holding extensive discussions with industry, minister of state of electronics and IT Rajeev Chandrasekhar said on Tuesday.

Jyoti's hockey prowess eclipsed by her home demolition fears

AS 20-YEAR-OLD local girl Jyoti Chhetri, playing against the USA in the FIH Pro League, dazzled the home crowd on February 18, her parents watched at the stadium, less than 2 km from their home in Rourkela's Panposh neighbourhood.

AI to assist AIIMS doctors in identifying cancer therapies

CAN ARTIFICIAL INTELLIGENCE (AI) help doctors identify the best cancer therapy for their patients? A supercomputer and AI, developed by researchers from the All India Institute of Medical Sciences (AIIMS) Delhi, promises to do just that. Oncologists usually toggle with ideas as they decide the best therapy for their patients.

Fall in energy prices brings down oil, gas import bill

Decline in value despite rise in import volumes

HDFC Bank to keep LDR healthy: CEO

‘Slower deposit erowth has put pressure on profit margins