CATEGORIES

IMF head sees global growth below 3% for next five years

Georgieva cites Russian invasion, and economic fragmentation

JSPL promoter firms pay steelmaker's full loan against shares

JINDAL STEEL AND Power (JSPL) on Thursday said its promoter companies have cleared the steel maker's entire loan against shares to the lenders.

Adani Wilmar clocks 14% growth in FY23

ADANI WILMAR, WHICH is into edible oil and other food businesses, on Thursday said it achieved nearly 14% growth in volume in the last fiscal, helping the company's revenue to cross ₹55,000 crore.

Gati to double revenues to ₹3,000 cr in 3 years

GATI, AN ALLCARGO Group company, intends to double revenues to ₹3,000 crore in the next three years as it expects a strong growth in the logistics sector, even as the company is embarking on a digitalisation process. By 2025, the firm intends to do all its last-mile deliveries and pick-ups using electric vehicles, a top official said.

Dunzo to rely less on dark store network, increase focus on marketplace model

AT A TIME when Reliance-backed Dunzo, a quick-commerce platform, is looking to cut costs and put itself on a path to profitability, Dalvir Suri, co-founder of the company, told FE that the startup will increase focus on sourcing products through its marketplace model, rather than fully relying on its network of dark stores.

Al concludes Phase 1 of transformation

AIRLINE MAJOR AIR India on Thursday said it has concluded the first phase of Vihaan.AI, which is a 5-year transformation plan for the company.

Consultations for auction of satellite spectrum begin

MONTHS AFTER DELIBERATING over modalities to allocate spectrum for satellite services, the Telecom Regulatory Authority of India (Trai) on Thursday set the ball rolling for allocation through an auction process.

Kia plans mini electric car for India, boost volumes by 50%

AIMS TO PUT INDIA CLOSER TO ITS OTHER LARGE MARKET CHINA

Fortified rice for all PDS supplies by March

ALL RICE SUPPLIES through the public distribution system will be of the variety fortified with iron by the end of the current fiscal year.

IMF paper: India's digital infra a model for others

INDIA HAS BUILT a world-class digital public infrastructure which is transforming lives and economy and can be a lesson for many countries to follow, IMF working an paper said. India Stack is the collective name of a set of commonly used digital public infrastructure (DPIs) in India.

Fin secy-led panel to suggest steps for higher NPS benefit

THE MINISTRY OF finance on Thursday set up a four-member panel headed by finance secretary TV Somanathan to suggest ways for higher pensionary benefits to government employees covered under the contributory National Pension System amid growing demand for the old pension system (OPS) with assured benefits without contribution.

Wheat crop robust, output to hit record 112 MT: Govt

No big adverse impact of rains on output, but lustre loss seen

Coal output grows 12% to 107 MT in March

INDIA PRODUCED AROUND 107.84 million tonne (MT) of coal in March 2023, up 12% from 96.26 MT in the same month of last year, an official statement said on Thursday.

Consumer confidence remains to be on recovery path: RBI bimonthly survey

RESERVE BANK OF India's bimonthly consumer confidence survey (CCS) survey showed confidence continues to recover from the historic low recorded in mid-2021, although it remained in the pessimistic zone. Households' overall ahead outlook for the year remained in positive terrain despite marginally lower optimism.

RBI's raised growth forecast of 6.5% seen 'optimistic'

Consensus projection of other agencies remains at 6%

Privatisation of NMDC Steel likely in H1FY24

1,000-odd employees Steel to be of NMDC absorbed in NMDC

Agarwal's $19-bn chip plant dream at risk

VEDANTA-FOXCONN STRUGGLING TO SECURE TECH PARTNER

Online games need approval if monetary gains involved

ONLINE GAMES THAT involve money will need approval from self-regulatory organisations (SROs), according to the final rules framed by the ministry of electronics and IT (MeitY).

Gas from legacy fields cheaper by a quarter

CCEA approves new pricing policy linked to crude

Dead bat on a tricky pitch

RESERVE BANK OF India governor Das is a known cricket Shaktikanta enthusiast. So when a journalist asked him at a post-monetary policy interaction whether after seeing through a good over he would now start making strokes, Das smiled and said: \"It would depend on each ball.\"

Trump Uses Courtroom Mood To Energise Campaign For 2024

Faces an uphill task in whipping up voters' outrage

IPL Boost: Fantasy Sports Revenue May Jump 35%

IPL is also pushing several existing and new startups

SC rejects Oppn plea: No exclusive rules for politicians, same as rest

REFUSING TO ENTERTAIN a plea by 14 political parties alleging \"selective and targeted\" use of Central probe agencies such as the CBI and ED by the BJP-led Central government against their leaders, the Supreme Court said Wednesday it can intervene in individual cases when the facts are before it, but cannot lay down separate general guidelines only for politicians who \"stand absolutely on the same standing as the (rest of the) citizens of the country\".

'Herculean' Credit Suisse deal to pay off, says UBS

UBS EXECUTIVES SOUGHT to assure investors on Wednesday that Switzerland's largest bank can make its unexpected takeover of Swiss rival Credit Suisse work and pay off for its shareholders.

J&J agrees to pay $8.9 bn to settle talc-cancer claims

JOHNSON & JOHNSON said it agreed to pay $8.9 billion to resolve all cancer lawsuits tied to its talc-based powders and will make a fresh attempt to contain the liability within a bankruptcy filing by one of its units.

Honda makes top-level changes at 2-wheeler arm

HONDA MOTOR COMPANY on Wednesday announced top management changes at its Indian two-wheeler arm with the appointment of Tsutsumu Otani as the president, CEO & MD of Honda Motorcycle & Scooter India (HMSI).

Q4 revenue growth to be in line with first 9 months, says Nykaa

FASHION RETAILER NYKAA on Wednesday said its revenue growth during the January-March quarter will be in line with the first nine months of FY23.

Reliance Retail ropes in Amul's ex-MD Sodhi to drive grocery biz

RS SODHI, FORMER managing director of the Gujarat Co-operative Milk Marketing Federation (GCMMF), which owns Amul, has been roped in by Reliance Retail Ventures in an advisory capacity to help strengthen the latter's farm-to-fork operations, executives in the know said.

Reliance takes on Nykaa, Myntra with new beauty retail store Tira

RELIANCE RETAIL, THE country's largest organised retailer, on Wednesday launched its flagship beauty retail store Tira at the Jio World Drive at the Bandra-Kurla Complex (BKC) in Mumbai, taking on companies such as Nykaa, Myntra, Shopper's Stop and the Tata group's Tata Cliq Palette.

Muted hiring, pay hikes seen at IT firms in FY24

A high utilisation rate usually results in better cost optimisation