CATEGORIES

20 applications for insurance firms in the pipeline: Panda

INSURERS URGED TO ENGAGE MORE CLOSELY WITH IIB

Push for EVs: US mulls 56% vehicle emissions cut by 2032

THE US ENVIRONMENTAL Protection Agency (EPA) on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move it says could mean two out of every three new vehicles automakers sell will be electric within a decade.

More bank failures likely but depositors safe: Warren Buffett

WARREN BUFFETT SAID more US banks are likely to fail, but depositors should be confident they won't lose any of their funds.

IMF slashes Pakistan's GDP forecast to 0.5%

THE IMF HAS lowered its forecast for Pakistan's economic growth rate from 2% to just 0.5% for the current fiscal year, amid high inflation and a growing unemployment rate in the cash-strapped country.

Godrej Properties' former MD sets up realty development & investment firm

MOHIT MALHOTRA, THE former managing director and CEO of Godrej Properties, has set up a property development and investment company called NeoLiv.

Oberoi Group launches Trident Residences

THE OBEROI GROUP on Wednesday announced the launch of Trident Residences in New Delhi. Located in the heart of the capital, \"a stone's throw away from The Oberoi, New Delhi, and overlooking Jawaharlal Nehru Stadium\", the 19 bespoke apartments are up for purchase this summer and will be ready by 2024.

PVR-Inox to focus on screen additions, innovations as merged entity takes off

THE COMING TOGETHER of the country's top multiplex operators, PVR and Inox, has not only brought attention to the consolidation in the domestic movie exhibition market but also put into focus the work the two will do as a combined entity.

Nestle declares ₹27 interim dividend

FMCG MAJOR NESTLE India on Wednesday declared an interim dividend of ₹27 for 2023 for the entire issued share capital.

Honouring all job offers, says TCS

FY23 NET EMPLOYEE ADDITION 78% LOWER THAN FY22

Sitharaman, Gopinath discuss debt vulnerabilities and crypto

UNION FINANCE MINISTER Nirmala Sitharaman and Gita Gopinath, first deputy managing director of the IMF, met and discussed a range issues, including debt vulnerabilities and crypto-related challenges.

MDB evolution dialogue needs to be inclusive: FM

THE MULTILATERAL DEVELOPMENT Bank (MDB) evolution dialogue needs to be inclusive, consensus-based, and recognise in full measure the development perspectives and priorities of client countries, finance minister Nirmala Sitharaman said at a roundtable hosted by US treasury secretary Janet Yellen at the World Bank headquarters.

IIP rises 5.6% in Feb on stronger manufacturing

THE INDEX OF industrial production grew 5.6% in February 2023 as the manufacturing sector picked up pace and electricity generation remained buoyant, even as a favourable base helped too.

CPI inflation falls below RBI upper target band in March

Base effect and broad-based fall in price pressures help

PLI investments cross ₹51k cr; mobile phones, pharma lead

MOST SECTORS YET TO HIT THRESHOLD FOR INCENTIVES

Airtel accuses Jio of predatory prices, Tata Play blames both

ALLEGATIONS RELATING TO predatory pricing have returned to the telecom sector after a gap of seven years, with Bharti Airtel levelling such charges against Reliance Jio on its recent bundled broadband plan offering live TV channels.

TCS Q4 profit rises 5%, revenue growth muted

Krithivasan to take over from June 1, Gopinathan to be advisor till Sept 15

Corporate colossus and a gentle soul

KESHUB MAHINDRA PASSES AWAY

Two-wheeler EV leaders get show-cause notices

GOVT ALLEGES BREACH OF FAME2 GUIDELINES

Retail 'Bought The Dip' in Adani Firms After Hindenburg

THE NUMBER OF retail investors in Adani Group firms rose in January-March quarter as they rushed in to cash in on the sliding share prices, following a Hindenburg Research report that resulted in erosion of half of its market cap.

Covid drill across 33,765 facilities

A TWO-DAY, COUNTRY-WIDE Covid-19 mock drill saw a total of 33,685 health facilities carrying out the exercise in 724 districts across 35 state and Union territories, to ensure preparedness and face any outbreak of Covid-19.

Apple's exports hit a new high in March

At $1.14 bn, beats own record $1-bn exports mark in Dec 2022

AIFs asked to provide option of direct plans to investors

Direct plans could help investors save on expenses

Alibaba to roll out generative AI model

ALIBABA GROUP HOLDING on Tuesday showed off its generative Al model-its version of the tech that powers chatbot sensation ChatGPT-and said it would be integrated into all of the company's apps in the near future.

Musk advances 'everything app' hopes as Twitter merges with shell firm X Corp

TWITTER HAS CEASED to be an independent company after merging with a newly formed shell firm called X Corp, driving speculation about what Elon Musk intends for the social media platform.

Ukraine cities pounded, US scrambles to find source of leaked papers

RUSSIAN FORCES POUNDED frontline cities in eastern Ukraine with air strikes and artillery attacks, while US officials stepped up efforts to locate the source of a leak of classified US documents, including those on Ukrainian counter-offensive plans.

Hyundai to invest $18 bn in South Korean EV industry by 2030

HYUNDAI MOTOR GROUP said on Tuesday it planned to invest 24 trillion won ($18.14 billion) in South Korea's electric vehicle (EV) industry through 2030 in a bid to bolster the EV ecosystem and strengthen its role in the global automotive industry.

US automakers face test in reaching target for EVs

EVs accounted for only 5.8% of cars trucks sold in country last year

Normal or below-normal?

IMD and Skymet’s forecasts are divided, but agriculture must not remain hostage to the vagaries of the monsoon

The dollar's chokehold on finance

GREENBACK STRENGTH - THE DOLLAR INDEX COULD CERTAINLY BOUNCE BACK FROM THE CURRENT LEVEL, BUT IT WOULD NEED TO PICK UP A REAL HEAD OF STEAM TO GET TO THE HIGHS IT REACHED SOME MONTHS EARLIER

Normal monsoon forecast lifts hopes of FMCG, auto firms

IMD PREDICTION EASES CONCERNS OVER RURAL DEMAND