CATEGORIES

Go seeks NCLT nod for ticket refunds

GO FIRST HAS approached the National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tickets on and after May 3, the day when the cash-strapped airline suspended operations.

Raymond's focus shifts from survival to growth

IN THE PAST couple of decades, Gautam Singhania, chairman and managing director, Raymond, has been busy getting out of businesses that aren't a part of his vision for the group.

Micron suppliers too seek govt incentives

WITH MICRON ALL set to produce chips in India by December 2024, the company's supply chain partners, who are looking to set-up colocation facilities here, have sought incentives.

Weak sales weigh on India Inc profits

MUTED VOLUME GROWTH ON PRICE PRESSURES

Desi auto brands lead in pricing power on SUV fever

TATA MOTORS RAISED car and sport utility vehicle (SUV) prices five times in a span of just eight months, leading to an aggregate hike of 3.85%.

$5 trn annual funding needed for global SDGs, energy transition: Kant

ADVANCED AND EMERGING market economies would require $5-6 trillion annually to achieve sustainable development (SDG) and energy transition goals, which could create business opportunities to the tune of $90 trillion, India's G20 Sherpa Amitabh Kant said on Saturday.

IDFC First Bank net rises 61% to ₹765 cr

THE NET PROFIT of IDFC First Bank rose 61% year-on-year in April-June owing to a growth in its net interest income.

Power Grid approves raising ₹5,700 crore via bonds in FY24

POWER GRID CORPORATION'S board has approved raising up to ₹5,700 crore this fiscal in multiple tranches through the issuance of unsecured bonds on a private placement basis, as per the information shared by the company with stock exchanges on Saturday.

NTPC Q1 profit up 9.4% to ₹4,066 crore

THE COUNTRY'S LARGEST power generator, NTPC on Saturday posted a first-quarter net profit of ₹4,066 crore on a standalone basis, an increase of 9.4% from ₹3,717 crore in Q1FY23.

TCS reorganises senior management positions

Harrick Vin elevated as the new chief technology officer

Sebi: No plans to curb retail trading in derivative markets

CAPITAL MARKETS REGULATOR Securities and Exchange Board of India (Sebi) on Saturday said it is at an early stage of considering simplification of the process of onboarding clients by adoption of a risk-based approach.

SUVs set to race past sedans, hatchbacks in sub-₹10L space

AFTER OVERTAKING PREMIUM sedans in sales, sport utility vehicles (SUVs) are now in hot chase of sub-₹10 lakh hatchbacks. Even though top-selling cars in Q1FY24 have been sub-₹10 lakh hatchbacks - with Maruti Suzuki Wagon R, Baleno and Swift the bestselling models - SUVs are attracting an increasing number of customers even in the sub-₹10 lakh space.

'4-pronged strategy to make India developed'

FINANCE MINISTER NIRMALA Sitharaman on Saturday said the focus of the government is on four 'I's-infrastructure, investment, innovation and inclusiveness-as it strives to make India a developed nation by 2047, the 100th year of independence.

Bigger plans for chip design

Scheme likely to support larger companies too

Brands turn to experiential retail with AI tools

From search to virtual try-ons, AI changing shopping

Kharif sowing almost on par with year-ago level

Paddy area up 2%, pulses down 11%

Air India to launch appraisal system

TATA GROUP-CONTROLLED Air India will introduce a new appraisal system for its nonflying staff next week under Rise.AI, which is part of the digital overhauling exercise that the former flag carrier is undergoing.

Tough task for TechM's Joshi: Analysts

THE NEXT FEW quarters will be challenging for Mohit Joshi, MD and CEO designate at Tech Mahindra, given the company has posted one of the worst quarterly results, analysts say.

Marico Q1 profit up 15%, beats estimate

Quarterly drop in revenue is the first in three years

SBI Card Q1 profit falls 5%

THE NET PROFIT of SBI Cards and Payment Services fell 5% year-on-year in April-June due to higher impairment losses and bad debt expenses. India's only listed credit card issuer posted a bottom line of ₹593 crore in the quarter under review.

Bol net profit zooms on strong NII growth

BANK OF INDIA on Friday reported a whopping 176% year-on-year (YoY) jump in its net profit for the quarter ended June to ₹1,551 crore, led by a strong growth in the net interest income (NII) and a stable asset quality.

SAT sets aside Sebi's ₹25-cr fine on Ambanis, others

THE SECURITIES APPELLATE Tribunal (SAT) has set aside a penalty imposed by markets regulator Sebi on Reliance Industries chairman Mukesh Ambani and his brother Anil for an alleged violation of takeover codes.

Meta plans to add retention driving 'hooks' for Threads

MORE THAN HALF OF USERS LEAVE APP

Unilever names Meakins as next chairman following CEO change

UNILEVER NAMED A new chairman with experience in the role at British and French companies, in hopes of mending relations with frustrated investors after a series of missteps in recent years.

UCO Bank profit jumps 81% as bad loans fall...

UCO BANK ON Friday reported around 81% year-on-year jump in its net profit to ₹223.48 crore for the first quarter this fiscal, backed by close to a three-fold rise in the operating profit.

AMD to invest $400 million for India expansion

US-BASED SEMICONDUCTOR COMPANY AMD on Friday said it will invest $400 million to expand research, development and engineering operations in India over the next five years.

Will start manufacturing chips in 2.5 years: Vedanta

$5 bn set aside for first phase of semiconductor unit & display fab

India facility key to meeting global chip demand, says Micron

US-BASED SEMICONDUCTOR MAJOR Micron Technology on Friday said the company's upcoming semiconductor assembly unit in the country would create 5,000 direct jobs and 15,000 additional jobs in the community in coming years.

'India needs 4-5 petrochemical crackers urgently'

CHEMICALS AND FERTILISERS minister Mansukh Mandaviya on Friday said that the country immediately needs four to five feedstock crackers as the chemicals and petrochemicals industry is the mainstay of industrial and agricultural development of India.

FM inaugurates facility for mutual funds

Also initiates muhurat trading in AMC Repo