CATEGORIES
Centre on track with capex target for FY24, 80% spent
Govt holding a modest cash balance to meet its commitments for the final quarter of FY24
Can IKEA breathe new life into the mall?
Ingka's push into malls has latterly been driven by the invention of a new compact-format IKEA store
Indian Oil scraps green H2 tender
State-run Indian Oil Corporation (IOCL) has cancelled its tender for setting up India’s first green hydrogen production unit with a 10 kilo tonne per annum (ktpa) capacity amid weak response from bidders and a legal battle over alleged bias in the tendering process.
Q3 growth may have slowed to 6.6%: Poll
Several factors including a weakening in the government’s capital expenditure impetus, muted industrial output growth, and an uneven monsoon may have slowed down India’s economic growth in the third quarter (October-December) of FY24.
Banks begin to hang up on PE/VC funds' capital calls
Indian banks have invested around ₹12,000 crore in Indian PE/VC funds over the last 20-25 years
Luxe Russian hotels tap Indian firms to manage properties
Russia’s top luxury hotels, once managed by Ritz Carlton, Four Seasons and Park Hyatt, are looking at leading Indian hospitality firms to run these properties, after the international brands checked out of the country following its invasion of Ukraine.
Keynes' equitable society won't be attained without intervention
Greed and competitiveness have led to enormous disparities but fiscal policy-led redistribution could play a corrective role
The WTO must double down on climate talks
It must work on fixing its dispute resolution device, but mustn't lose time on working out a deal that ensures fair trade and climate action aren't at odds. It's time to talk carbon markets
Why DSP MF's Kalpen Parekh is bullish on long-duration debt
Parekh, a conservative investor, is switching to long-duration debt to capture changes in the interest rate cycle
PM halts Mann ki Baat, hints about Lok Sabha elections
The Model Code of Conduct may be in force from March, PM Narendra Modi says
Charlie Munger was the architect of Berkshire: Buffett
Warren Buffett remembered Charlie Munger as the \"architect\" of Berkshire Hathaway in his annual letter to shareholders Saturday.
Surging Nvidia stock keeps drawing in more believers
This reflects FOMO among investors who have sat on the sidelines while the firm's valuation has eclipsed $2 tn
Fewer flights take off in Jan as airlines face headwinds
January saw fewer aircraft taking to the skies and steeper fares as numerous planes await engines and repairs, portending bad times for travellers in the year ahead.
SBI shrinks ICICI Bank lead in market value
SBI dramatically narrowed the gap with ICICI Bank in the past 12 sessions
Auto parts makers get closer to PLI payouts
Sona Comstar, Toyota Kirloskar Auto Parts 1st to get eligibility certification
'GenAl is a force multiplier, and India will be the testbed'
Artificial intelligence and generative AI, or GenAI, will inevitably disrupt existing roles, but that will also mean the emergence of new roles. In fact, McKinsey & Co.'s research predicts that technology jobs will grow by 14% across all industries by 2032.
Wall Street's latest pitch is a contradiction: Private IPOs
Private-equity firms are desperate to cash out of investments. But enthusiasm for initial public offerings is low after several stockmarket debuts flopped.
Risk models get harder to crack
As the best hedge fund strategy of 2023 becomes a magnet for investors, the mainstream risk models it relies on are getting a lot tougher to crack.
No respite soon for FMCG cos
For consumer staples companies, it will be a while before the choppy waters calm down. Not only is demand in rural markets weak but stress in the urban portfolio is an emerging worry.
Razorpay eyes global boost, moves to India
The company plans to launch its products in West Asia and Southeast Asia
NCT approves inter-state transmission projects worth over ₹736 crore
The National Committee on Transmission (NCT), under the ministry of power, has greenlit four new inter-state transmission systems (ISTS) valued at ₹736.83 crore. The projects have been allocated to Power Grid Corporation of India, Adani Energy Solutions, and REC Power Development and Consultancy Ltd (RECPDCL).
B'desh exempted from onion export ban
India has decided to exempt Bangladesh, one of its close allies, from the onion export ban and ship 50,000 tonnes of the produce ahead of Eid, said three senior officials aware of the development.
India for no tariffs on textile, apparel in EU free trade deal
EU nations impose 10-12% import duties on textile products, placing India at a disadvantage
Sony eyes aha after Zee deal ends; Sun TV interested too
Culver Max Entertainment (earlier Sony Pictures Networks India) and regional broadcaster Sun TV Networks have begun initial discussions to purchase a strategic stake in Arha Media & Broadcasting, which runs the South Indian video streaming platform aha.
Gloomy outlook for IT as cos slash staff
Headcount at India's top 10 IT firms employing a combined two million people fell by 76,572 last year, as companies retrenched workers in the face of a slowdown.
Govt plans talks to prepay NHAI debt
Move to trim interest payments, free NHAI to expand network
'If it's not good, it won't work,' says Katrina Kaif
The actor and founder of Kay Beauty discusses her entrepreneurial journey, the learnings along the way, staying ahead of the competition and her long-standing love for beauty products
What keeps India glowing?
The Indian beauty market is exploding, driven by young consumers who view make-up as self-care and are willing to splurge and experiment
Beware, it's the season of deception and deepfakes
With elections in India, Europe and the US, and the Paris Olympics, cybersecurity experts warn that 2024 will bea year of deception’
Ginger lilies, king chillies and a Manipuri dish
For someone who cooks the best pork I have ever eaten, Akoijam Sunita confesses that she didn't cook very much all her life.