CATEGORIES

Behind Gopinathan's abrupt exit, simmering tensions

Last week, when Rajesh Gopinathan resigned as the chief executive of Tata Consultancy Services, Tata Sons chairman Natarajan Chandrasekaran accepted his resignation without a demur, indicating that the differences between the mentor and the successor over how India’s largest software services firm was being run had reached an impasse, multiple people close to the situation said, speaking on the condition of anonymity.

'Strict norms to add stocks on indices'

Inclusion or exclusion of stocks from Nifty indices are transparent, non-discretionary, based on criteria such as market capitalization and trading frequency and devoid of human discretion once criteria are crystallized, according to the National Stock Exchange (NSE), the country's premier stock exchange.

Adani suspends work at ₹34,900 cr project

Group writes to suppliers to suspend all work at Mundra petchem project

Banking MFs lose 6% in a week as US bank crisis hits sentiment

Banking mutual funds (MFS) have lost up to 6% in the last week following the collapse of Silicon Valley Bank (SVB) and Signature Bank that dented investors' sentiment in the banking and financial services space.

Sebi puts IPO drafts under close scrutiny

After Paytm's IPO fiasco, Sebi has turned cautious while; giving clearance to the initial share sales as it has returned the preliminary papers of half a dozen companies, including Oravel Stays, which runs hospitality chain Oyo, in over two months.

Challenges outweigh ICICI Pru's prospects

ICICI Prudential Life Insurance Co. Ltd’s (ICICI Pru) shares gained nearly 6% in the past two trading sessions. On Thursday, the company said ICICI Bank’s executive director Anup Bagchi will take charge as ICICI Pru’s new managing director (MD) and chief executive officer (CEO) with effect from 19 June.

Deals at 9-yr low in Feb as funding winter continues

Just one startup received funding every 10 hours during February

Wheat harvest delay likely as rains slam standing crop

Adequate harvests are critical this year amid wheat shortages and high food inflation

In historic deal, UBS agrees to buy Credit Suisse to end crisis

UBS Group AG agreed to buy Credit Suisse Group AG in a historic, government-brokered deal aimed at containing a crisis of confidence that threatened to spread across global financial markets.

Maha govt to buy iconic AI building for ₹1,600 crore

Maharashtra is poised to become the new owner of the iconic Air India building at Nariman Point, Mumbai, following the state government’s fresh offer of ₹1,600 crore to acquire the property.

Amazon seeks to buy MX Player in bid to boost reach

Amazon.com Inc. is in advanced talks to acquire MX Player, the video streaming platform owned by Times Internet, three people with direct knowledge of the development confirmed.

Shapoorji Pallonji nears major revamp

The two-tier structure was conceived by the Mistry brothers

Indians fall hard for pre-wedding videos

The shoots are extravagantly designed and many have movie-style sets

TN, Maha among 7 states to get mega textile parks

On 21 October 2021, the ministry of textiles had notified the setting up of the textile parks after the announcement in the Union budget for 2021-22.

Boeing, Airbus hunt for top engineering talent in India

Both cos are establishing some production in the country, seen as a safer alternative to China

Centre to increase subsidy on gram sold to states/UTS

In its second crop advance estimate, the government pegged pulses production at 27.8 MT for 2022-23 crop year compared with 27.3 MT.

SVB Financial goes belly up, buys time to repay creditors

SVB Financial listed assets and liabilities of as much as $10 bn each in a petition filed in NY

Costly tickets no dampener for hit films

Pricey tickets are not really a deal-breaker for Indian movie lovers, the success of several tent-pole films with premium pricing shows, despite recent criticism that such pricing has eroded footfalls at cinemas.

HC asks Delhi govt, Centre to help DMRC pay RInfra

The High Court warned that if the money was not deposited, it would pass ‘further directions’ against the Central and Delhi governments.

Tiger Global marks down value of venture funds' bets by 33% in '22

Tiger Global marked down the value of its investments in private companies by about 33per cent across its venture-capital funds in 2022, according to people familiar with the firm.

First Republic gets lifeline as banks back Yellen's plan

Jamie Dimon and Janet Yellen were on a call Tuesday, when she floated an idea: What if the nation's largest lenders deposited billions of dollars into First Republic Bank, the latest firm getting nudged towards the brink by a depositor panic.

Air India offers second VRS since Tata takeover

According to the VRS memo, a copy of which was seen by ET, permanent employees who are above 55 years of age or who have completed 20 years of service can opt for the VRS package.

Krithivasan will be chief executive of TCS for 5-year term

Tata Consultancy Services (TCS) on Thursday said Rajesh Gopinathan will resign as chief executive officer, just a year into his second five-year term at the helm of the company. The company named K Krithivasan as CEO-designate. He joined TCS in 1989 and has held various leadership roles in the company.

'No further interest rate hikes required'

Inflation is not a valid concern in India anymore, says Debroy

How Many More Interest Rate Hikes Can We Expect From The Reserve Bank?

The Reserve Bank of India (RBI) has hiked the repo rate, the rate used to signal interest rates in the economy, by 2.5% in a pretty short span of time, between May 2022 and February. It may not convey much, when we look only at this data point of 2.5%. However, it is significant.

Security Experts Warn Of GPT-4 Risks

Cyber security experts have warned of a variety of risks that can arise out of GPT-4, the latest large language model (LLM) launched on Tuesday by artificial intelligence (AI) research firm, OpenAI. Such risks can emerge from rising sophistication of security threats driven by GPT-4's better reasoning and language comprehension abilities, as well as its long-form text generation ability that can be used to write more complex code for malicious software programmes.

Meta layoffs reveal the end of US tech sector exceptionalism

Its growth swagger is subject to Wall Street demands of efficiency

Ola should admit safety risks and go for a recall

This electric scooter maker must stop sending mixed signals over a popular model's frail wheel-holder and ensure that it endangers riders no further. Its brand reliability is at stake

Global uncertainty rising: CEA

Chief economic advisor V. Anantha Nageswaran on Thursday said the global uncertainty has been rising after the recent developments in the United States and governments, businesses and individuals should keep 'margins of safety' in fiscal, corporate and savings account planning.

Blocked Zojila Pass opens after 68 days

The Border Roads Organization (BRO) reopened the 3,528-metre high Himalayan Zojila Pass, which connects Kashmir with Ladakh on Thursday, months after being disconnected from the rest of the world due to heavy snowfall in Kashmir valley.