CATEGORIES

Rural India feeling inflation pressure, says Unilever's Jope

INDIA'S FAST-MOVING CONSUMER GOODS (FMCG) market has been largely driven by growth in urban areas than rural, Unilever's CEO Alan Jope said during an earnings call on Thursday after announcing the company's March quarter numbers. The company follows a January-December accounting year.

As staff exodus continues, hope fades for Jet 2.0

THE POSSIBILITY OF Jet Airways' revival is getting slimmer by the day with most of its employees now having quit the airline. This could potentially bring curtains down on the efforts of the Jalan Kalrock consortium that won the bid two years ago.

Margins under stress, IT firms on slow track

Wipro board nod to share buyback of ₹12,000 crore

Pay subsidies before including sales in your tally, EV body tells govt

THE SOCIETY OF Manufacturers of Electric Vehicles (SMEV), the apex lobby body of EV makers, has asked the government to refrain from including the sales volume of those EVs in its tally on which it has not paid subsidies.

Power plants use rail-sea-rail route to source coal

POWER PRODUCERS IN western and northern states are using railsea-rail (RSR) route to get their coal supplies from eastern India to avoid rail congestion and also to reduce coal imports, an official in the coal ministry said.

Enrolments under Atal Pension Yojana cross 52 million

TOTAL ENROLMENTS UNDER Atal Pension Yojana (APY), a government-backed scheme guaranteeing a minimum monthly pension of ₹1,000-5,000 to the subscribers based on their contributions, crossed the 52 million mark on March 31.

India Post Payments Bank likely broke even in FY23, says CEO

Seeks regulatory leeway to extend small ticket loans

Major hurdle for investments in IFSC removed

INDIAN RESIDENTS CAN CHOOSE LRS WINDOW

Oyo turns cash flow positive in Q4, eyes profitability next

TRAVEL TECH FIRM Oyo turned cash flow positive during the fourth quarter of FY23, the company informed its employees in a townhall on Thursday, adding that its next goal is to become profitable.

HUL net up 10% in Q4, misses estimates

HINDUSTAN UNILEVER (HUL), the country's largest consumer goods company, on Thursday reported a 9.7% y-o-y rise in standalone profit to ₹2,552 crore in the fourth quarter of FY23.

Online gaming: Centre set to seek differential taxation

GST Council may take a final call in June

Godrej Consumer to buy Raymond's FMCG business

ALL-CASH DEAL OF ₹2,825 CRORE

530 Indians evacuated from Sudan

TWO MILITARY TRANSPORT aircraft of the Indian Air Force (IAF) evacuated over 250 Indians from Sudan after a naval ship rescued another 278 citizens from the strife-torn country.

Remove 'misleading' ads, NCPCR tells Bournvita

WITHIN WEEKS OF a food blogger flagging high sugar content in health drink Bournvita, the National Commission for the Protection of Child Rights (NCPCR) on Wednesday asked the brand's parent firm Mondelez India to withdraw all misleading advertisements, packaging and labels on its product.

RIL TO BENEFIT: NSE tweaks method for demerged entities

Changes expected to help reduce churn in index constituents

Netflix Spain loses 1 mn users: Kantar

NETFLIX LOST MORE than one million users in Spain in the first three months of 2023 according to market research group Kantar, a sign that the streaming giant's crackdown on password-sharing could face pushback.

Microsoft sees AI reshaping search as Google calms investors

ALPHABET'S GOOGLE AND Microsoft, whose quarterly earnings each got a boost from their established search and cloud-computing businesses, used their time with investors to emphasise what's next: artificial intelligence.

First Republic Bank mulls up to $100-billion asset sales

FIRST REPUBLIC BANK is exploring divesting $50 billion to $100 billion of assets as the beleaguered lender attempts to rescue itself from the turmoil that engulfed the industry last month.

UK blocks Microsoft's $69-bn Activision deal

MICROSOFT'S $69 BILLION takeover of Activision Blizzard was vetoed by Britain's antitrust watchdog, in a potentially fatal blow for the gaming industry's biggest ever deal.

Avaada raises $1.07 bn to fund green hydrogen, ammonia ventures

INTEGRATED ENERGY PLATFORM Avaada Group on Wednesday said it has tied up $1.07 billion capital from Brookfield Renewable and the Global Power Synergy Public Company (GPSC) to fund its green hydrogen and green ammonia ventures in India.

Domestic VC firms continue to garner record investments

EVEN AS GLOBAL ECONOMIC CLIMATE REMAINS CAUTIOUS

UK investment minister begins India visit

UK'S MINISTER FOR Investment Lord Dominic Johnson on Wednesday embarked on a visit to India to strengthen the bilateral investment partnership across technology and life sciences sectors and build momentum behind ongoing trade talks.

National medical devices policy gets Cabinet nod

CCEA approval for 157 new nursing colleges

CHALLENGE IN NABBING DEFAULTERS: GST, MeitY officials tracking offshore online gaming firms

Websites and apps of some of these entities have been blocked

Stage set for coffee war: Reliance and Tata to add more stores

RACE IS ON TO LAUNCH PREMIUM CAFES IN KEY CITIES

MG takes on Tata with cheapest EV offering

THE PRICE WAR in the passenger electric vehicle (EV) segment has begun with MG Motor India on Wednesday launching the country's cheapest model, Comet, at an introductory price of ₹7.98 lakh (ex-showroom).

Pernod Ricard's India head Bouhier resigns amid regulatory challenges

PERNOD RICARD'S INDIA managing director Paul-Robert Bouhier has resigned from his position, three sources told Reuters on Wednesday, a top departure for the company as it faces a series of regulatory challenges in the country.

Whole-annuity NPS can fetch OPS-like pension: PFRDA chief

THE ACCUMULATED CORPUS of a subscriber under the contributory National Pension System (NPS) can generate more than 50% of the last pay drawn as pension after a government service period of 3033 years, Pension Fund Regulatory and Development Authority (PFRDA) chairman Deepak Mohanty said on Wednesday.

Maruti to set up new 1-million-unit plant

Looks at total capacity of 4.3 million by 2028

TORRENT AND OAKTREE CAPITAL SKIP AUCTION: Hinduja lone bidder for RCap, offers ₹9,650 cr

Bid price far below liquidation value of ₹13,000 crore