CATEGORIES

DGCA to Go First: Submit revival plan in 30 days

RESUMING OPERATIONS

Tim Hortons, Starbucks set for a faceoff

IN A LANE off the popular Linking Road in Bandra, Mumbai, Canada's largest coffee chain Tim Hortons has set up its first Mumbai outlet, after launching 15 stores in the Delhi-NCR region over the last six-eight months as well as outlets in cities like Chandigarh and Ludhiana.

Zee slips into red with ₹196 cr loss on advertising slowdown

ZEE ENTERTAINMENT ENTERPRISES (Zee) on Thursday posted a consolidated net loss of ₹196 crore for the quarter ended on March 31, 2023 (Q4), on the back of an advertising slowdown, missing street estimates by a wide margin. Bloomberg consensus estimates had pegged Q4 profit at ₹113 crore. The media company had posted a net profit of ₹182 crore in the year-ago period.

Vedanta pledges 95% holdings in Hindustan Zinc

MINING MAJOR VEDANTA, a subsidiary of London-headquartered Vedanta Resources, has pledged almost 95% of its holdings in Hindustan Zinc (HZL), including a pledge three days ago.

Ola Electric aims for IPO by end of 2023

GOLDMAN SACHS, KOTAK TO MANAGE OFFER

Foodgrain production hits record 331 MT in 2022-23

FOODGRAIN PRODUCTION HAS risen by 5% on year to a new record of 330.5 million tonne (MT) for the 2022-23 crop year (July-June), according to the third advance estimate released by the agriculture ministry on Thursday.

I-T returns: Norms notified for compulsory scrutiny

Cases of evasion, no return to notices among the parameters

RK Singh slams barriers to green hydrogen trade

Sees efforts to prevent India from exporting the benign fuel

Services exports likely to overtake merchandise trade by FY28: SEPC

Export of services likely to touch $780 billion in FY28

CEA: Private investment unfolding at steady pace

'Private companies invested ₹3.3 trillion in 2022-23'

Utterly bitterly fight over Amul, this time in Tamil Nadu

MOVE TO PROCURE MILK FROM THE STATE SEEN AS A THREAT TO LOCAL BRAND AAVIN

Big Tech may lose sway as domestic players gain IAMAI control

INDIAN DIGITAL ENTREPRENEURS on Thursday took full control of the Internet and Mobile Association of India (IAMAI) with Big Tech firms like Google, Meta, Amazon and Microsoft not finding a place in the new 24-member governing council for 2023-25, following the recently held elections for new office bearers.

Vodafone Idea fund raise delay a concern: Vaishnaw

ASHWINI VAISHNAW, COMMUNICATIONS, and IT minister, on Thursday said the government is concerned over the delay by Vodafone Idea in raising funds. The ailing telecom operator has not been able to get either equity infusion by the promoters or funding through investors.

Tiago electric outpaces petrol variant in sales

WITHIN SEVEN MONTHS of its launch, Tata Tiago's electric version has outpaced sales of its petrol peer- a first in the auto industry in the country. The hatchback's electric version sales grabbed a 39% share, followed by the CNG at 33% and petrol at 28%.

Wipro's Rishad Premji's salary almost halves to under $1 mn

CEO Delaporte and CFO Dalal's salaries cut too

Govt cushions angel tax blow

No waiver for Mauritius, Singapore and the UAE

How to upload HD content on Instagram

High-quality photo and video uploads now on Android & iOS devices

BSNL 4G stack to be upgraded to 5G by year-end: Vaishnaw

COMMUNICATIONS MINISTER ASHWINI Vaishnaw on Wednesday said BSNL's indigenous 4G stack will be upgraded to 5G by the end of 2023. The telco has started 4G in pilot mode at 200 tower sites in three districts of Punjab: Ferozepur, Pathankot, and Amritsar.

ChatGPT-powered feature to guide Myntra shoppers

FASHION E-COMMERCE platform Myntra has deployed a ChatGPT-powered feature in its shopping app, which guides users in simple conversational language about their shopping requirements. The tool saves users from carrying out multiple searches for products they are looking for.

Cautious optimism vital for Aditya Birla Fashion this fiscal

ADITYA BIRLA GROUP'S fashion arm, among the country's largest apparel companies with FY23 sales of ₹12,418 crore, is taking measured steps in FY24, after a spate of acquisitions over the last few years, the company's top officials said.

New Deepak Fertilisers unit soon

DEEPAK FERTILISERS AND Petrochemicals Corporation (DFPC) will be commissioning the new ₹4,350-crore ammonia plant and start production by May-June this year.

Going green: Uber steps up EV push

ADDS 25,000 CARS TO FLEET IN INDIA

Hindalco lines up ₹10,000 cr for FY24, FY25

HINDALCO INDUSTRIES, AN Aditya Birla Group company, has earmarked capex of ₹5,000 crore each for this fiscal and the next, which would be used mainly for its ongoing expansion plans.

JSW Energy looks to close CY24 with 9.8 GW capacity

SAJJAN JINDAL-LED JSW Energy expects to close calendar year 2024 with 9.8 GW of operational power capacity, even as it has earmarked a capex spend of ₹10,000 crore for the current fiscal.

Sterlite arm to source 16MW hybrid power from Serentica

STERLITE COPPER, A subsidiary of Vedanta, has signed a 25-year power delivery agreement (PDA) with Serentica Renewables India (SRIPL) to source 16 MW of hybrid renewable power for its Silvassabased copper operations.

Nykaa loses glow, Q4 profit dives 70%

FSN E-COMMERCE VENTURES, the operator of beauty and personal care startup Nykaa, saw its profits decline by nearly 70% year-on-year (y-o-y) in the March quarter (Q4FY23) to ₹2.3 crore on the back of higher raw material and a one-time tax expense of ₹4.4 crore.

Exit tax norms: Relief for charitable trusts

CBDT EXTENDS REGISTRATION DUE DATE

Das defends note deposit deadline

DEFENDING THE SEPTEMBER 30 deadline to deposit or exchange ₹2,000 bank notes, Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said the time frame is aimed at concluding the exercise in an effective and non-disruptive manner.

Puri: India to be green hydrogen hub by 2040

INDIA WILL BECOME a major green hydrogen hub in all aspects - production, consumption and exports by 2040, petroleum and natural gas minister Hardeep Singh Puri said on Wednesday at a CII event.

Partners want to fast-track trade pacts with India: Goyal

Shun inward-looking approach, minister cautions industry